How to Use Market Data to Win More Direct Bookings with Mridul Bansal of PriceLabs

Are you dreaming of more direct bookings but still relying heavily on online travel agencies? It's time to harness the power of market data to take control of your short-term rental business. In this episode, we explore how to use this valuable information to your advantage and transition more bookings to your own platform.Join me as I sit down with Mridul Bansal, Product Marketing Manager at PriceLabs, to uncover the secrets of using market data to your advantage. We'll dive deep into:What market data really means for short-term rentalsKey components of market data you should be trackingHow to analyze this data effectivelyStrategies to leverage market insights for more direct bookingsYou can't just be charging more. You also have to make more from each booking. -Mridul BansalAbout Mridul BansalMridul Bansal is a dedicated advocate for the vacation rental industry, currently serving as a Product Marketing Manager at PriceLabs. His focus is on empowering hosts and property owners by delivering tools and insights that help them succeed. Mridul leads weekly mastermind sessions, fostering a collaborative space where hosts can support one another and work towards achieving their goals. At PriceLabs, he plays a crucial role in ensuring customer feedback shapes product improvements, training, and ongoing support, ensuring the company continually evolves to meet the needs of its users.Connect with Mridul and PriceLabs: Website: https://hello.pricelabs.coInstagram: https://www.instagram.com/pricelabsLinkedIn: https://www.linkedin.com/company/pricelabsMridul’s LinkedIn: https://www.linkedin.com/in/bansal-mridul/Don't miss out on a special offer exclusively for our listeners - a free webinar with a PriceLabs expert to dive even deeper into practical revenue management strategies. Sign up here: https://us02web.zoom.us/webinar/register/5617283976405/WN_vL8svoJCSwKjaLFqf7UPLQ#/registrationThe key moments in this episode are:Understand the importance of dynamic pricing across all your booking platformsLearn how to use market data to optimize your pricing strategyDiscover techniques to make your direct booking site more attractive than OTAsGet insights on adjusting your minimum stay requirements based on market trends—----------------------------------------------------------------------------------Show notes are available at: https://directbookingsuccess.com/podcast/Missed the Direct Booking Success Summit 2024? Don’t worry!You can still access all the invaluable insights and strategies with the All-Access Pass for just $219!Here’s what you’ll unlock:✅ Lifetime Access to All Sessions – Watch or rewatch every powerful session at your convenience.✅ Exclusive Bonus Content – Get behind-the-scenes interviews, bonus workshops, and expert-led training you won’t find anywhere else.✅ Downloadable Workbooks & Checklists – Start applying actionable strategies right away with tools designed to help you grow.✅ VIP Q&A

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