If you are a short-term rental host or an investor, you know that quickly accessing and understanding market data is crucial to your success and increasing your income. The housing market can be tricky, and over the past couple of years, new data-mining programs have emerged with the goal of helping hosts and investors increase their profit.
Today, we are looking at the program Alltherooms. Keep reading for Rental Recon’s in-depth review of this short-term rental analytics tool.
Alltherooms Analytics Review: Is This Pricing Tool Right for Your Airbnb?
Alltherooms is a great program to have in your arsenal of tools as a short-term rental host or investor. This new program allows users to analyze the short-term rental market anywhere in the world. With unique features like future and historical data and competitor sets, Alltherooms is sure to help you make smart investment decisions and increase your rental revenue.
What Does Alltherooms Do?
Alltherooms is a program built for short-term rental hosts and real estate investors that analyzes the short-term rental market in areas all around the world. Alltherooms provides specific market data for statistics like:
- Occupancy rates
- Nightly rates
- Overall revenue
- Revenue per available room (RevPAR)
- Number of nights booked
- Lead time
This program is packed with features and capabilities that can help hosts increase their monthly revenue and track housing data over time.
Market Overviews
With Alltherooms, you can follow the housing market in any area and even save it to compare to other local markets. This is a great tool for investors who may be considering which area to purchase property because you can see if a selected market is healthy and growing and what kind of competition is already there.
Alltherooms provides users with filters that allow you to refine your market search, so you have access to the insights that apply to your area. Using the filters, you can even determine what type of house would be most profitable in a selected area. For example, you can compare the projected profit from a two-bedroom rental versus a four-bedroom rental in your selected city.
Historical Data
If you want to see how the rental market performed in the past or during a specific season, Alltherooms has a historical data search option. Depending on the plan you choose, you can access the previous six months of market trends.
You can select a timeframe or specific dates to review and then easily analyze and understand the results thanks to percentiles that allow you to segment the data into different metrics.
If you are considering renting a property, historical data is key. You can see if your rental would perform better in different seasons and how the market has been fluctuating.
Future Data
Every investor would love to have a crystal ball that tells them whether they are making a good investment. While not quite a crystal ball, Alltherooms has a feature that analyzes and predicts future market trends. This program predicts how the market will perform up to six months into the future.
If you are on the fence about purchasing an investment property, this tool could help be the deciding factor.
Competitor Sets
The competitor sets feature allows users to create a custom set of competitors’ listings to analyze and track. You can access details like:
- Average daily rates
- Occupancy rates
- Future booked rates
- Future demand
Alltherooms provides up to four years of historical data and up to six months of future data for competitor sets. You can customize your set and add or remove properties whenever you want.
Property Score
One feature of Alltherooms that I find especially helpful is the property score feature. You can add any Airbnb or VRBO listing and get a personalized score of your property’s performance. This allows you to track your performance over time and also see how your competitors are performing.
How Do the Analytics Work?
Alltherooms analyzes bookings, earnings, and reviews of all the short-term rentals in your chosen area. This allows them to generate property scores that you can use to evaluate your rentals and those of your competitors.
- Occupancy Rates: Allows you to understand the seasonality of your market
- Market Revenue: Check out the size of the short-term rental market in your area
- Listing Revenue: This shows what the average listing in your area earns
- Nights Booked: You can track the number of nights the average listing in your city is booked
- RevPAN: Revenue per available night, whether booked or not
- Booking Lead Time: You can see how far in advance reservations are typically made
- Future Demand Rates: This is the demand and rates for future dates
These analytics will help you determine how your rental is performing and whether you should adjust your rates to match the market around you.
Fees and Pricing for Alltherooms
I love that Alltherooms offers a free option and several tiers of paid memberships with additional features. Whether you have one small Airbnb or you manage several short-term rentals in different areas, you can find the plan that fits your needs.
Many short-term rental owners like Airbnb and VRBO hosts will typically find that the basic plan suits their needs. Investors and property managers may want to pay for the additional upgrades.
Here are some of the features of the four offered plans (click here to see Alltherooms Pricing):
Free Plan
With the free plan, you will get:
- Three months of historical data
- Current month of future data
- Three months of Property Data
- Up to 5 Tracked Competitors
- Limit of 100 available properties
The Basic Plan
This is the plan most often chosen by short-term rental hosts, and you will benefit from:
- 12 months of historical data
- One month of future data
- Up to 12 Months of Property Data
- Unlimited Tracked Competitors
The Pro Plan
The Pro Plan is geared more towards property investors or managers with several property listings. This plan features:
- 49 months of historical data
- Six months of future data
- Up to 49 Months Property Data
- Unlimited Tracked Competitors
Check Out Our Other Articles on Rental Recon:
- Rankbreeze and VRBO: Here’s How They Integrate
- Rankbreeze Vs. Pricelabs (2023): Here’s the Clear Winner
- [50% OFF AirDNA PROMO CODE] (2023)/ Verified Discount Code/ Coupon Code
The Enterprise Plan
The highest tier and most expensive is the Enterprise plan which is for real estate, management, and investment companies. This plan’s features include:
- Customized by city, region, or country
- Granular property-level data
- Unlimited available properties
- All key performance metrics
Do you want to try Alltherooms now? Click to learn more about this program and receive our exclusive Alltherooms Promo Code!
The Negatives of Alltherooms
While this program is great for an overall bird’s eye view of the market data in a given city, I am a little disappointed that it doesn’t have a feature for property-specific values like some of the other data mining programs on the market. Hopefully, in the future, Alltherooms will add this feature.
Have you been scouring the internet for different data mining companies and don’t know which one to use? Check out Rental Recon’s matchup review of Alltherooms Vs. AirDNA HERE.
Final Thoughts on Alltherooms Analytics
So far, Alltherooms has proved to be a valuable tool for short-term rental owners and investors. This program takes complex rental housing market data and breaks it down in a way that is easy to understand and analyze.
Alltherooms is very reasonably priced, and the free version makes it accessible to all property owners. The higher-tiered plans come with a free trial, so you can try out all of Alltherooms tools and features completely risk-free.
It can be scary jumping into the short-term rental market whether you are looking to host or invest. Tools like Alltherooms make this leap easier.
