Leveraging Artificial Intelligence in Self Storage Pricing

27 Feb 2024 | 10am HKT (GMT+8)

Many self storage operators rely on "gut feeling" or occupancy levels to set prices, which can result in lost revenue in today's highly competitive environment.

Price setting is an intricate process influenced by many factors, including location, supply, demographic profiles, unit features, tenant move-ins and move-out forecasts, rates for new customers, promotions, discounts, competition, customer lifetime value, and rent increases for existing customers.

With the shift towards digitization, Artificial Intelligence (AI) is revolutionizing the pricing strategies for self storage facilities. This webinar explains how AI-powered Revenue Management effectively optimizes pricing for each storage unit through comprehensive data analysis and the application of predictive algorithms.

Details

Date: 27 Feb 2024 (Tue)

Time: 10:00 am – 11:30 pm (HKT, GMT+8)

Format: Online

Language: English

For any queries, contact Heily Lai (heilylai@selfstorageasia.org).

Members can join the event for free. Please register below.

About the speaker