Wheelhouse helps short term rental hosts and property managers earn from their unit, all driven by a delightful set of pricing and revenue management tools. The team is releasing a new iteration of the product today called "Personalized Pricing" which is yielding as much as 40% more rental income.
Also, I've never seen a demo video like the one @andrewkitchell did above (spare a few minutes to watch) as it's well done. I'm curious, @andrewkitchell, what made you and team build Personalized Pricing in the first place?
@koconor Hi Kelly, we are currently live on six continents, covering most major metropolitan areas; you can find a coverage map at the bottom of our home page: https://www.usewheelhouse.com/. is there a particular market you were interested in? Cheers!
@daveambrose “Personalized Pricing” is a response to customers who wanted control over their pricing strategy. We work with everyone from part-time hosts and hobbyists to professionals with dozens, or even hundreds, of properties, and these individuals all have different goals. Our first generation pricing engine was all about using best-in-class data science to build a powerful algorithm that could understand local demand in markets across the globe.
This newest version of our pricing engine lets you tailor that powerful data science to suit your needs, from inputting how our models treat last-minute discounts to setting custom weekend rates. Basically, you now have the settings and controls to have our model build unique, personalized pricing strategies that best serve your business.
We feel this sort of pricing & business intelligence for hosts and owners is essential, as our space continues to be the fastest-growing, most diverse, and most interesting segment of travel. :)
@kam_bain@andrewkitchell I had the same question -- putting a comparison chart on your website with incorrect or misleading info on the competition can undermine your credibility.
Report
How is this different than Beyond Pricing (https://beyondpricing.com/)? I've been using them for 2 years and have nothing but great things to say. This seems like a blatant copy…
@sophie_sieck Hey Sophie, thanks for bringing that up! Have you tried Wheelhouse? We take a fundamentally different approach. We empower hosts & owners to run their short-term rental business *their* way, rather than taking the "one size fits all" approach. And our customers love it!
Additionally, we are the only team in the space that has a team of Ph.D Data Scientists that have spent the past 2+ years developing the most powerful pricing engine in the industry. This is evidenced by winning partnerships with a few major travel brands.
The result is more control, more revenue, and more pricing peace of mind. You can also learn more about how we're different from our competitors at the bottom of this page ;) https://www.usewheelhouse.com/pe...
Report
:)
Report
Really interesting product. I'm looking at buying some property as a second home/holiday , with an eye to putting it on Airbnb, etc. This would be really useful during the search and due diligence process to estimate the potential revenue etc. Can it be used as a market research tool in this way?
@psturrock Hi Paul, thanks for reaching out! We definitely could build out that sort of functionality, given the data we have. I am going to pass along this idea to our product team.
Report
Wheelhouse has helped so much with renting out my parent's house. No need to think about if I'm leaving money on the table or worry about constantly adjusting based on different events in the DC area! Wheelhouse does all the heavy lifting for me!
@stephi_baer Thanks for the note. Stephi, is there a feature or setting you enjoy? Or, one you would like to see?
Report
@mpq2 I really like how Wheelhouse allows me to create tailored last-minute discounts and long-term discounts. You can't really customize things to that same detail on similar sites I've used before like Everbooked or Beyond Pricing.
@stephi_baer Yeah, that's really what our Personalization initiative is about -- letting users build a model that makes the most sense to them and their business needs. If you have any ideas that come to mind for our product, you can always reach out at hello@usewheelhouse.com. Thanks for the support.
@mpq2@stephi_baer@usewheelhouse And Stephi and Greg are related too (can check either of their public profiles) for those wondering about all these fake self promoting comments. :) cc @rrhoover
Report
Wheelhouse rocks! They've really helped me with my pricing needs for the properties I have on Airbnb and Tripadvisor. The customer service is very attentive. They're constantly improving the site and adding new features all the time. I've used some of their competitors in the space, but Wheelhouse has provided me with the best revenue and occupancy results.
@greg_schechter Thanks, Greg. Which features have been most useful? Anything you'd like to see?
Report
@mpq2 Big fan of the new personalization features you guys launched recently. Would like to see some richer controls for setting multiple minimum stays throughout the year.
@breslin Thanks for the note. Integrations like those are certainly on the roadmap.
Report
Very interesting -- there are not a lot of products that solve this need and after playing with the tool for a bit I can tell the team has done a great job of putting this together. Working with professionally managed VRMs on a daily basis, most set prices based on last year's data & guesses - not very much data-driven decision making. This is a great tool to change that & make more from each short-term rental property.
@conradoconnell Thanks for the note, Conrad. Capturing the true demand in your local market is very challenging. There are so many factors that influence and they are changing from season to season, week to week, and really, day to day. That's why our engine processes billions of real-time data points every day to capture true demand in your market.
Polywork
Realm
Wheelhouse Personalized Pricing
BIOME
Beyond Pricing
Wheelhouse Personalized Pricing
Wheelhouse Personalized Pricing
Wheelhouse Personalized Pricing
Wheelhouse Personalized Pricing
Beyond Pricing
Wheelhouse Personalized Pricing
Beyond Pricing
Wheelhouse Personalized Pricing
Wheelhouse Personalized Pricing