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Hospitable, the vacation rental management platform dedicated to self-managers, has announced a strategic partnership with global short-term rental (STR) data specialist Key Data.
The partnership will equip thousands of independent vacation rental owners with the tools necessary to professionalize their businesses and compete more effectively.
Self-managers, who handle rental operations independently and without a third-party property manager, often face challenges in accessing the same caliber of data and operational insights as larger companies. This partnership aims to close that gap by allowing self-managers to seamlessly sync their reservation data into Key Data’s sophisticated business intelligence tools.
Through a dynamic and intuitive dashboard, Hospitable users can monitor and analyze their performance metrics including rates, occupancy, length of stay, booking windows, and marketing channel effectiveness. Key Data not only offers insights into unit performance but also provides invaluable data on feeder markets, empowering managers to make informed strategic marketing decisions.
Self-managers can also now conduct comprehensive benchmark analyses against their competitors, view overarching OTA supply, and construct competitor datasets. This suite of tools is developed to foster a deeper understanding of the local market and drive more informed decision making.
Pierre-Camille Hamana, CEO and Founder of Hospitable, said: “Despite making up the majority of the market, self-managers with one or two properties continue to miss out on the tools needed to professionalize further because they simply don’t have the resources to compete with more established property managers.
“Our partnership with Key Data aims to democratize access to critical market data for independent owners. Now independent owners can access the same powerful data-driven tools used by larger operators, allowing them to compete effectively and achieve long-term success.”
Greg Richards, CMO at Key Data, said: “Data is a critical part of any successful business, and self-managed vacation rentals are no exception. Our goal is to make data accessible and useful for property managers and hosts of all sizes, helping them to make great business decisions and thrive in a competitive market.
“By putting industry-leading business intelligence tools directly in the hands of self-managed hosts, this partnership empowers them to make informed decisions, optimize their operations, and compete effectively.”
The integration is available immediately to all Hospitable users who connect their account to a Key Data account. Hosts can also join Hospitable and Key Data’s first joint exclusive webinar Market Pulse: A Snapshot of the Short-Term Rental Market on June 27th, 6pm ET.
Founded in 2016, Hospitable is a vacation rental software provider offering a suite of tools that empower hosts to automate the most time-consuming elements of hosting. Key Data’s platform sources and analyzes the most accurate, real-time vacation rental data available to the industry. To learn more, visit www.hospitable.com or keydatadashboard.com.