Excerpt from a YouTube video (creator: Mark Simpson) describing Bidnstay’s auction-style last-minute booking feature: hosts set an automatically calculated silent reserve (which can slide down by a percentage over time) and guests secure the booking by submitting a bid that beats that reserve, helping hosts increase occupancy and revenue.
So, Binster, there's two elements to it, actually, and the main element being its unique ability to auction off last minute accommodation. So the host sets a silent reserve, which is automatically calculated. So they might say they want to reduce the price by a percentage throughout that month, and that can be on a sliding scale. And then that becomes a silent reserve. A guest comes along and all they have to do is beat that silent reserve. As long as they beat that silent reserve, they get the booking. So the host increases their occupancy and their revenue.
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