How Hotels And Vacation Rental Price Monitoring Can Be Helpful In Price Intelligence?
02/03/2020
The vacation rental and room sharing industry is expected to surpass the hotel industry by 2020. With high profit margins and a steadily growing market, vacation rental business is here to stay for sure. The competition is also getting stiffer by day, which should be adequate reason for vacation rental companies to look for newer competitive intelligence strategies. Web scraping is one such high-return activity that can give businesses the upper hand in the competition.

Price Monitoring, Price Intelligence, Business Analysis, product scraping, website Scraping, Competitor Price Monitoring
How Web Data Scraping Work?
Web scraping is a computer technique for extracting data from websites on the internet by using programs called web crawlers. It is a technically complex process that requires high end resources and skilled manpower. Instead of manually visiting hundreds of websites to collect relevant data, a web scraping system can be used to do the activity at large scale, with high speed and efficiency.

Applications of web scraping in the vacation rental industry
Build business intelligence applications
Being a very lucrative industry with heavy investment potential, it makes sense to build business intelligence applications on vacation rental portals. Since the industry is steadily growing in terms of customers, revenue and profit margins, vacation rental portals would need deep insights on the market to keep them rooted. The need for business intelligence will only keep increasing from this point. Here are some ways business intelligence can help the vacation rental industry.

a) Real estate investing
Since the property rental business is showing significantly higher returns compared to the real estate industry, investors are purchasing properties to list them on vacation rental portals. Business intelligence will help them make the right choices while identifying profitable properties to purchase.

b) Predict future trends
Hotel brands, Online travel agencies and Lodging REITs are looking for insights from the vacation rental industry in order to prepare themselves for the battle. Companies in the travel industry can use web scraping to predict how things might unfold for all the parties in the future.

c) Market research
Market research is an inevitable activity in the business world. Any market research requires large amounts of data and an effective analytics system in place to extract key statistics on the changes in market.

Scrape competitor prices
Pricing intelligence has taken off as a key competitor intelligence practice in the online world. Vacation rental sites are no different when it comes to the price war. Since there are big brands that list multiple properties on vacation rental sites like AirBnb, Flipkey and HomeAway, it’s important for them to be competitive with their rental listing prices. Using web scraping, the price data for similar properties in any given geo-location can be tracked and used for pricing their listings for maximum profitability. With web scraping, extracting price data from multiple vacation rental sites on a daily basis is easy and cost efficient.

Build an aggregator website
There are aggregator sites in every space now. These sites that fetch and display information available on multiple sites helps customers compare the options to make faster and informed decisions about their travel plans. Since customers can be on a lean budget and price conscious when it comes to travel, price aggregator sites will continue to be in demand. The easy option to compare prices across multiple vacation rental portals at one place is the primary USP of aggregator sites. Needless to say, you will need a robust web scraping service to back you if you are planning to build a vacation rental aggregator.

How Does the Vacation Rentals Price Monitoring Work?
Data Analysis
Give us details about the data (text, image, documents) you would like to gather and the sources where we can find the data. Our data experts can help you finalize websites and data that would fit to your need.

Data Gathering
Based on your requirements we will gather data, perform quality checks and provide you the final data in its raw form or clean it to ensure that all you have to do is load the data into your systems.

Data Preparation
Hotel and Vacation Rantal prices constantly change. We can schedule the data gathering to ensure that you receive latest data to keep your systems updated.

List of Popular Restaurant Websites
At Hir Infotech, we scrape and extract data from the following websites:

Delectable
yelp.com
ubereats.com
tripadvisor.in
grubhub.com
DinningGrades
eat24.com
postmates.com
resy.com
zagat.com
localeats.com
foursquare .com
opentable.com
Scraping restaurant websites data could be a tedious job, mainly if you do not recognize how to complete that. Getting the data manually requires so much time and resources. The finest option is to utilize Restaurant Website data scraping services that help you quickly get the data you want. Restaurant Website data scraping services will help you get files, images, data, as well as other things that you want to run your restaurant.

Through scraping restaurant websites data, you can find data about how to make menus. With our restaurants’ website web scraping services you could have maximum information that is appropriate for you as they have an enormous database that is easy-to-use. Hir Infotech offers the Best Restaurant Website Data Scraping Services for scraping the restaurant’s menu and location data.

Author's Bio: 

Hir Infotech is a leading global outsourcing company with its core focus on offering web scraping, data extraction, lead generation, data scraping, Data Processing, Digital marketing, Web Research services and developing web crawler, web scraper, web spiders, harvester, bot crawlers, and aggregators’ softwares. Our team of dedicated and committed professionals is a unique combination of strategy, creativity, and technology.