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
Ahmet Kuyumcu, Founder & CEO of Prorize
Ahmet Kuyumcu
Founder & CEO
Prorize
Ahmet Kuyumcu, Ph.D., is the founder and CEO of Prorize, the global leader in AI-based revenue management (RM) solutions, and now serves self-storage operators across two dozen countries spanning six continents. The only RM company to ever win the world's top prize for advanced analytics, the Franz Edelman Award, Prorize’s proprietary software and pricing consultants help clients capture maximum revenue from their assets. Ahmet has pioneered RM solutions for many industries, including self-storage, apartments, senior housing, and hotel/gaming. Please visit www.prorize.com for more information.