Wheelhouse provides a customizable revenue management platform that utilizes dynamic pricing algorithms and performance analytics to optimize pricing strategies for short-term rental portfolios. By enabling operators to adjust pricing based on market conditions and property performance, Wheelhouse helps increase revenue by an average of 20% across diverse listings.
Funding
$16M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
HVFounders
Product
Problem
Short-term rental operators often struggle to optimize pricing strategies due to fluctuating market conditions and the complexity of managing diverse property portfolios. Traditional methods lack the granularity and real-time data needed to maximize revenue across various listings.
Solution
Wheelhouse offers a customizable revenue management platform that leverages dynamic pricing algorithms and performance analytics to optimize pricing strategies for short-term rental portfolios. The platform allows operators to adjust pricing based on real-time market data, property performance, and customizable settings. Wheelhouse provides tools to create, evaluate, and execute pricing strategies across multiple listings, enabling granular control at scale. The platform also offers features for portfolio segmentation, performance benchmarking, and team collaboration.
Target Audience
Wheelhouse primarily targets scaling hospitality operators, including those managing homes, hotels, resorts, and corporate housing, who seek to optimize revenue and growth.
Features
- Dynamic pricing engine with 15+ customizable settings to adjust pricing based on market conditions, property performance, and time.
- Dynamic Sets for grouping listings and gaining insights for pricing, portfolio strategies, and owner communication.
- Performance Analytics for benchmarking and identifying growth opportunities through data visualization and A/B testing.
- Navigator, a geospatial insights tool for unlocking new revenue and growth opportunities.
- Integrations with 40+ property management systems (PMS) and channel managers (CM).
- Fully-featured APIs for accessing pricing recommendations, booking scores, and market reports.
- Team access feature for collaboration with different permission levels.