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Category: Pricing & Revenue
By: Rachel Patel
Reply by David Okafor:
This is exactly why dynamic pricing tools exist. PriceLabs (https://pricelabs.co) and Beyond Pricing both have **event detection** that automatically identifies demand spikes from conferences, concerts, sporting events, and festivals — and adjusts your pricing accordingly. I was leaving $2,000-3,000/year on the table before I started using PriceLabs. The tool pays for itself in a single event weekend. Beyond automated tools, here are manual ways to stay informed: 1. **Google "[your city] events [month]"** quarterly and block/reprice dates 2. **Follow your city's CVB (Convention & Visitors Bureau)** on social media 3. **Join a local host Facebook group** — other hosts will flag big events 4. **Set up Google Alerts** for "[your city] conference" and "[your city] festival" 5. **Check your convention center's event calendar** for upcoming conferences But seriously, just get a dynamic pricing tool. Manual event tracking is unsustainable once you're managing more than one property.
Reply by Megan O'Connor:
I keep a spreadsheet titled "Annual Events Calendar" where I log every event that significantly impacts demand in my market. After year 1, I had 95% of events mapped. Now I update it annually with new additions. For the ones I miss — that's what PriceLabs catches. Between my manual calendar and their automated event detection, I rarely miss a demand spike anymore.