STR Flashcards

1
Q

STR workflow

A
  1. Property Managers manages properties using a…
  2. PMS (Property Management System) (Barefoot) to handle operations (cleaning, messaging) and connects to a…
  3. Channel Manager (Booking Pal, Beyond Relay), which syncs reservations and rates across…
  4. OTAs (Online Travel Agencies) (Airbnb) where…
  5. Guests browse and book stays.
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2
Q

Beyond’s products

A
  1. Pricing: Automated pricing
  2. Relay: OTA syncing
  3. Insights: Portfolio performance
  4. Signal: Direct booking engine
  5. Tally: Payment processing
  6. Guidance: Revenue management
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3
Q

Define Beyond

A

A Revenue Management Platform for short-term rental (STR) Property Managers and Homeowners

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4
Q

Revenue and profit

A

Revenue: Income before expenses
Profit: Income after expenses

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5
Q

ADR, RevPAN and Adjusted Paid Occupancy

A

ADR (Average Daily Rate): Revenue per booked night
RevPAN (Revenue Per Available Night): Revenue per available night, booked or not
Adjusted Paid Occupancy: Paid nights per available nights

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6
Q

Beyond’s Pricing Overview

A

Automatically sets optimal prices in real time, based on local demand, seasonality, and day of the week

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7
Q

Beyond’s Signal Overview

A

Direct booking website builder for property managers

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8
Q

Beyond’s Relay Overview

A

Beyond’s Channel Manager, enabling property managers to sync prices and reservations across OTAs and PMS every 15 minutes

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9
Q

Beyond’s Guidance Overview

A

Outsourced revenue management service where a Beyond expert manages pricing and settings on behalf of the client and provides insights and results to them

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10
Q

Beyond Tally Overview

A

Payment processor with trusted one-tap checkout, fast payouts, and ~10% average savings.

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11
Q

Health Score

A

Shows if your occupancy is too high or low vs. the market, flagging potential underpricing (overbooked) or overpricing (under-booked)

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12
Q

Insights, Insights Dashboard

A

Free BI tool showing revenue, adjusted paid occupancy, RevPAN, ADR, and more to track portfolio and market performance

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13
Q

Insights, Comp Sets (Competitive Sets)

A

Groups of similar nearby listings used to compare performance, set pricing strategies, and understand market trends for better revenue management

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14
Q

Insights, Search Insights (Beacon)

A

How many guests visit your site, view property pages, and convert to bookings, helping optimize marketing, demand, and performance

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15
Q

Insights, Market Insights

A

KPIs in a selected area, helping you understand market demand and create competitive, data-driven listings

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16
Q

Insights, Owner Insights

A

Empowers revenue managers to communicate with property owners by providing KPIs for transparent performance tracking and reporting