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Wheelhouse is a dynamic pricing tool that enables you to automatically price your short-term vacation rentals with the most optimal price on a nightly basis and master revenue management.
It does this by collecting millions of market data points every single night, then uses machine learning and AI to provide the best possible price for your rental. The technology allows you to no longer miss out on bookings, and even have the confidence that you're charging the maximum possible price to get those bookings.
Not completely familiar with Wheelhouse’s capabilities? We sat down with Wheelhouse to learn more and provide you with the five things they want you to know most.
How would you differentiate Wheelhouse's capabilities from other dynamic pricing tools on the market?
Wheelhouse has the broadest range of tools of any dynamic pricing product on the market, and we’re constantly rolling out more features. Our three main revenue management tools that help you optimize your nightly rates and get a good understanding of your market are:
- Dynamic Pricing - Using our dynamic pricing tool, you can let Wheelhouse automate your nightly pricing allowing a hands-off approach.
- Market Reports - you can leverage Wheelhouse’s extensive data set and analyze how your local market is changing on a daily basis.
- Competitive Sets - Wheelhouse provides competitive data sets to show you how you’re performing against your market.
How is data incorporated into Wheelhouse smart tech?
Wheelhouse collects more market data points than any other dynamic pricing tool. This gives our algorithm more data to work with and produces the best data-backed insights for you to work with. Simply put, there’s no other tool on the market that can offer such a detailed and accurate level of insight into pricing that is customized for your individual market and property.
Our team is made up of PhD data scientists and revenue management veterans that have been developing Wheelhouse for more than 6 years.
How can a vacation rental operator get up and running with Wheelhouse?
Getting started with Wheelhouse couldn’t be any easier. We have a 3-step process to get you onboarded and using their platform:
- Connect - Simply link all of your properties by integrating all of your booking platforms and other tools you’re using. Wheelhouse then does all the hard work syncing all of your data.
- Customize - You have as much - or as little - control over your nightly rates as you want. You can set a base price and any other rules you want, or you can just leave Wheelhouse’s powerful dynamic pricing algorithm to handle it.
- Automate - From here, it’s all about allowing Wheelhouse to do all the work analyzing millions of data points every night to keep your nightly pricing optimized.
Customer support is extremely important in our industry. Can you tell us a little bit about yours?
We know there is no worse feeling than running into a problem with your rental that could potentially cost you bookings and revenue - and not being able to get hold of support.
Luckily, this isn’t the case with Wheelhouse. Not only do we have an extremely knowledgeable support staff, but we’re also very accessible. If you run into a problem, you can first check for an answer in our FAQ Help Center. Most common questions tend to revolve around getting set up and using their tools. If you can’t find the answer within our FAQs, you can connect instantly with a member of our team via live chat 24/7. For non-urgent questions, you can simply fill out a form on our site, and someone will get back to you. But don’t just take our word for it. Wheelhouse support has a 96% cSAT score.
Lastly, and a very important question, how does Wheelhouse approach pricing?
Wheelhouse offers both flexible and flat pricing plans, giving you the option to find the pricing plan that’s going to save you the most money. We have flexible, flat, and enterprise pricing solutions to work with vacation rental hosts no matter the size of their business. Our flexible plan is a simple 1% of revenue. There is no setup fee for any of our plans, and you get access to their entire suite of tools with both plans. Plus, you can use code BREEZEWAY for 50% off your first month.
For more about Wheelhouse visit usewheelhouse.com and check out Wheelhouse's Breezeway review here.