Discover the Power of Dynamic Pricing
In fall 2022, TravelNet Solutions acquired Rented, a company best known for Art, its automated rate tool. Basic revenue management tools are built into Track PMS, but Rented gives its users a tantalizing upgrade option.
Effective revenue management requires two things: Pricing that meets the market NOW and relevant data to point you in the right direction.
So why do you need dynamic pricing and hands-on revenue management?
Delivering the right price at the right time maximizes revenue per home. No product on the market is better at this than Art.
Art was built by revenue managers for revenue managers. Revenue management is critically important to thrive in the current market, but it can be time-consuming. Art tracks live metrics to let you know what’s happening in real time. Capitalize on changes in search patterns such as lower minimum stay to roll with the market.
See Art in action
Working with Rented, Inc. has made me feel like I’ve got a whole new team to work with. They provide us with an entirely new offering to owners and amazing revenue management tools, both of which are key in today’s property management world.
We have been very impressed with how communicative Rented has been, the personability of the team members (Talia, Kristin, Jessica), and the interest Rented has in our company as well. It has been a very pleasurable experience working with people who genuinely care about us as a company.
We are super happy with Rented, Inc.! They do everything for us, the others [automated pricing tool companies] just provide training and we are on our own. We do not have time for daily rate management. They are well worth the price and have made a dramatic difference in our revenues and performance.
We entered 2019 with hotel and vacation rental demand at an all time low. We needed more than a tool, we needed someone to help look at the whole picture. Thankfully, Rented, Inc. was able to close huge gaps within just 2 months.
Rented has more than doubled my revenue in the midst of a pandemic! Unreal!
Automated revenue management
Easy-to-use tape chart
Quickly make changes to your pricing strategy for multiple contiguous days, non-contiguous days, weekends, whole months, or whatever you decide all with just a couple of clicks. Ease of use is Art’s middle name.
Because your property might be more or less sensitive to changes in the market, you can adjust your seasonality curve to what fits your property best and easily see how that changes the model before confirming.
Custom limitless tags
Sort, filter, and make changes to groups of properties using our built-in filters or custom tags you set yourself. Tag properties as pet-friendly, waterfront, or by new owner to make pricing modifications easily.
Easily set fixed or percentage adjustments to any listings or dates you choose. Want to only increase weekends by 10% for your two- bedrooms in June? With Art, you can do that with a few quick clicks.
Min and max rates with powerful time-based premiums or discounts
Add up to ten layered time-based premiums or discounts. Want to change your rate by 10% after 30 days? Want to decrease your rate by 10% gradually or static over the next five days? Art makes it easy.
Sample base rate
To provide a sample base rate for your property, we use market data to determine a range of values. Base rate is the foundation of Art’s pricing algorithms.
Groups for similar listings
Sort, filter, and make changes to groups of properties using our built-in filters or custom groupings you set yourself.
Revenue Management Tools
Rented includes connectivity to many 3rd party apps and has an API for connecting new applications.