Publications shares insights into revenue management
(June 27, 2014) — In the New York Daily News‘ article, “High-tech, airline-style pricing is pushing New York City rents to new altitudes,” the reporter shares her ideas about why rents in New York City might be climbing. One reason, the use of revenue management systems, such as YieldStar. These systems use a several statistics, including seasonal trends, leasing velocity and supply, as well as an apartment’s particular traits, to come up with the optimal asking price for a unit. And at times, can increase revenue for property management companies, by 7%.
Read more about YieldStar and revenue management systems at: http://www.nydailynews.com/life-style/real-estate/rents-sky-airline-style-pricing-article-1.1844274#ixzz35qp8Ww6x