The Wheelhouse Pricing Engine is at the foundation of everything we do. It has been developed over years of research and combines a rental analysis for base prices with reactive and predictive demand models to provide recommendations tailored specifically to each short term rental and stay date.

Comparable sets help you understand your local market, how you are performing, and where to make adjustments. In the STR space, automatically detecting an accurate comparable set can be quite challenging. This is due to the highly variable supply, that sometimes creates non-intuitive comparable sets.

On individual listings, you can never run a perfectly controlled pricing experiment under the same market conditions. However Wheelhouse developed - in collaboration with external data science teams - three methodologies that when combined, illustrate the effectiveness of the Pricing Engine.

There is a range of different metrics in the short-term rental space that every host and revenue manager should be aware of. It is not easy to remember all of them and often the metrics are different across platforms. Our team has written a detailed description of the metrics we are using to make life easier for our customers.