To optimize revenue from rental income, we work daily with price setting due to continuous variations in demand. Having a full calendar the year out, is not of importance to us. Instead, we consider a full calendar to be a flawed pricing strategy. In our field of work, we compete with other hospitality bodies, especially hotels. A hotel’s nightly rate will increase the closer you get to the arrival date. Due to this factor, our calendars are usually being filled with last-minute bookings, a week before the guests arrive. This strategy allows a richer rental income, and allows our clients more freedom to use their property with short-term notice.
We utilize several tools to analyze important factors: popularity of the property location and area, dates searched for most by guests and the increase in percentage, competitors’ prices, and, which countries having public holidays that might affect our locations. These tools, aid in creating an approximation of price variation in the different areas, where we rent out properties.
Our decision on rental rates is affected by various factors, such as: number of beds available, the condition of the accommodation, distance to the ocean, available facilities, and other attractions in the nearby area available for guests.
For all of the above and more, Nordic RentAway Spain charges 25% of the rental income as the cost of our services.