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Residence Club Barbara

With Smartpricing, we understand demand trends, calculate margins better, and determine whether it's more beneficial to sell at a higher or lower price.

Location

Ostuni

Number of rooms/unit

29

Use case
Dynamic pricing
Short-term and vacation rentals
Italy
Residence Club Barbara

Tell us about your property

I purchased the property in 2001 after it had been closed.

It consists of seaside apartments in Ostuni (BR), featuring one-bedroom units with kitchenettes.

We mainly operate during the summer season, from April to October.

Now, our sales perspective is completely different and much more intuitive. We understand demand trends, calculate margins better, and determine whether it's more beneficial to sell at a higher or lower price.

How long have you been using Smartpricing?

We started using Smartpricing in early 2020, just before the Covid pandemic.

How did you manage rates before?

We used a classic standard price list with weekly rates, and that was it.

Occasionally, we applied discounts for longer stays or early bookings, but nothing significant.

What challenge were you looking to solve?

Primarily, we wanted to sell during the low season, outside of July and August.

Additionally, the static pricing list we used was no longer aligned with the market and didn’t deliver the results we hoped for.

What results have you achieved with Smartpricing?

Everything has changed!

Now, our sales perspective is completely different and much more intuitive. We understand demand trends, calculate margins better, and determine whether it's more beneficial to sell at a higher or lower price.

It’s been an enormous help.

What about your ADR?

That has also improved significantly: +12.9% in August 2021 compared to August 2019, and +28.1% in September 2021 compared to September 2019.

Has Smartpricing saved you time?

Absolutely!

Before, we spent a lot of time endlessly calculating, multiplying, and dividing. Now, everything is instantaneous.

The client tells us what they need, and within seconds, we send them a quote.

What do you like most about Smartpricing?

It allows me to work better.

Since I started using Smartpricing, I’m confident that every quote I send will close successfully because I know I’m offering the best rate for my business.