Nightly price hints, occupancy, ADR and RevPAR
Each day SmartMy Lease looks at the next 60 nights of your stay units. It suggests lowering slow nights, raising busy ones and cutting short gaps between bookings. Short Stay Measures show occupancy, ADR, RevPAR and the direct share by property.
PLANSScale only
The problem it solves
- Prices are set once a season, so empty nights next week stay at full price.
- Busy dates sell out early at the normal price.
- One free night between two bookings is never sold.
- You cannot say what each building earns per night available.
How it works
- Every night, the stay units of each class are compared with their bookings and blocks for the next 60 nights.
- Lease Managers open Lease > Short Stay > Price Hints: each hint has the nightly plan, the nights, the change and the reason.
- Press Apply: a date price is added to the nightly plan for those nights, as a share of the base price. Press Dismiss to drop it.
- Open Lease > Reporting > Operations and Leasing > Short Stay Measures, pick From and Until (this month to start with) and press Work Out.
- Each property shows nights available and sold, occupancy, room revenue, ADR, RevPAR and the share of nights booked direct.
Everything it does
Hints
- Lower: Slow Nights: in the next 14 nights, under 30 % of the class's units booked; 10 % lower
- Raise: Busy Nights: 14 to 60 nights ahead, over 80 % booked; 15 % higher
- Lower: Gap Nights: one or two free nights between two bookings of a unit; 20 % lower
- Applied as a date price on the class's nightly plan, so every unit on that plan gets it
- Nights already passed cannot be applied
Short Stay Measures
- Nights available: stay units times the days
- Nights sold: confirmed, running, ended and closed stays in the dates
- Occupancy (%), room revenue, ADR (revenue per night sold), RevPAR (revenue per night available), Direct (%)
- Only units marked Let by the Night count; one Entity at a time
Rules
- Hints never change a price by themselves
- Thresholds are fixed in this version
Who uses it
Lease Manager or revenue managerReviews and applies hints and reads the measures each week.
OwnerReads occupancy, ADR and RevPAR by property.
Where you use it
- Web: Lease > Short Stay > Price Hints; Lease > Reporting > Operations and Leasing > Short Stay Measures, for Lease Managers
- Not in the apps
What you control
Settings
- Thresholds fixed: 60 nights ahead, 14 nights for slow, 30 % and 80 %, cuts of 10 % and 20 %, rise of 15 %
- Short Stay Measures period: this month to start with
Questions
Do prices change by themselves?
No. A hint changes the nightly plan only when a Lease Manager presses Apply.Is this AI?
No. Hints come from fixed rules on your own bookings and use no AI credits.A gap hint is for one unit. Why does applying it change others?
The date price goes on the nightly plan of the unit's class, which every unit on that plan shares. Apply it only when that is what you want.What is RevPAR?
Room revenue divided by nights available. It joins occupancy and price in one figure, so you can compare buildings.Which plan has it?
Scale.Related features
SHORT STAYShort stays: nightly rates, reservations and guest listsLet serviced apartments and holiday homes by the night next to your long leases. You get nightly rates with seasons, reservations with guest lists, house rules and a guide, cancellation policies, and guest messages.SHORT STAYAirbnb and Booking.com calendars through iCalLink each stay unit to the calendars of the booking sites you use. Their bookings are read every 30 minutes and block the unit here. Each site gets a calendar of your bookings and blocks, so a night sold anywhere closes everywhere.SHORT STAYDirect booking page for short staysEach stay unit can have its own booking page to share on your website or social pages. Guests pick dates, see the price and send a request. It arrives as a reservation for you to confirm, with no channel commission.REPORTS AND AIAsking-rent and renewal-rent hintsEach day SmartMy Lease suggests a new asking rent for empty units priced away from the market. It also suggests a rent for leases ending in the next 90 days. You apply a hint with one click; nothing changes by itself.REPORTS AND AIRent roll, occupancy and vacancy lossOne list of every unit with its tenant, lease dates, passing rent and asking rent. It also shows the rent you lose each month on empty units. The same data gives occupancy by property and unit type.
See your buildings on it.
Tell us how many properties and units you have, whether you let your own or manage for owners, and how rent is paid today. We will set up your portfolio with you on SmartMy Lease.