What This Feature Does
The Comparables Tool helps you analyse the competitive landscape for short-term rental properties. Find comparable properties to your listing (or a property you're considering), track their performance over time, and benchmark your results against the competition. This tool is essential for investors, property managers, landlords, and sourcing agents who need to understand market dynamics and validate investment opportunities.
What's New in This Version
The updated Comparables Tool includes powerful new features:
Save and track compsets - Create multiple comparison sets and monitor them over time
Edit your comparables - Remove or add properties to refine your analysis
Historical performance data - View month-by-month trends, not just current snapshots
Visual insights - Scatter plots showing revenue, occupancy, ADR, and RevPAR distributions
Export capabilities - Download data as JPEG, PDF, or CSV
The algorithm behind the tool remains the same, so you can trust the automatic selections or customise them to your preferences.
Getting Started: Your Compsets Dashboard
When you first access the tool, you'll see a table of all your saved compsets. From here you can:
Delete - Remove old compsets you no longer need
Rename - Update compset names for clarity
Edit - Change which properties are included in a compset
View Performance - See detailed analytics and insights for that compset
Creating a New Compset
Step 1: Enter Basic Details
Click Create New Compset and provide:
Name - Give it a descriptive name (e.g., "Demo Comp")
Address - Enter a postcode, street address, or area
Match Radius (optional) - Set how far to search (e.g., 3 miles, 25 miles). Leave this wider to let the algorithm find the best matches
Click Confirm to proceed.
Step 2: Review Suggested Comparables
The algorithm will suggest comparable properties based on:
Location proximity
Property type and size
Market positioning
You'll see a list of potential comparables showing:
Property details and photos
Days available (historical data depth)
Revenue metrics
Occupancy rates
Step 3: Refine Your Compset (Optional)
If you're happy with the automatic selection, simply click Review Performance in the top right to skip straight to the analytics.
If you want to customise, you can:
Remove properties - Click the delete button next to any property you don't want included. Common reasons:
Insufficient historical data (e.g., only 98 days available)
Different property type (e.g., removing a mews property when analysing flats)
Not truly comparable
Add properties - Browse available comparables and click the plus button to add them to your compset. Added properties turn purple to show they're included.
Filter available comparables - Use the filters to narrow down options:
Minimum revenue threshold
Minimum days available (more data = better insights)
Other performance metrics
Example filter: "Show only properties with £0+ revenue and more than 215 days of data"
Step 4: View Performance
Once you're satisfied with your compset, click Review Performance to access the full analytics dashboard.
Understanding the Performance Dashboard
Overview Metrics
At the top, you'll see compset averages:
Average Revenue - Mean annual revenue across all properties
Average Occupancy - Typical occupancy rate (%)
Average ADR - Average Daily Rate
Average RevPAR - Revenue Per Available Room
Understanding the Data
The data is presented in three formats—mapped, graphed, and via property cards. Each format serves different analytical needs.
Scatter Plot Analysis (Graphs)
Each metric has a scatter plot showing the distribution across your compset:
Every dot represents one property showing its 12-month performance
Click any dot to see which property it represents
The line shows the average for your compset
Revenue Distribution - See the range from lowest to highest earner (e.g., £11,000 to £55,000)
ADR Distribution - Identify which properties command the highest nightly rates
RevPAR Distribution - Understand revenue efficiency across the compset
Occupancy Distribution - See which properties achieve the best booking rates
Historical Performance Charts
Month-by-month trend charts show:
Revenue trends - How the market has performed over the past 12 months
Occupancy trends - Seasonal patterns and market dynamics
RevPAR trends - Revenue efficiency over time
These charts help you identify seasonality and market momentum.
Property Cards
Each selected comparable has a property card providing full details:
LTM Revenue - Last 12 months total revenue
LTM Average ADR - Last 12 months Average Daily Rate
LTM Occupancy - Last 12 months occupancy percentage
LTM Available Days - How many days of data we have (more is better)
Property Details - Bedrooms, bathrooms, property type, amenities
Photos - Visual overview of the property
Airbnb/Vrbo Live Link - Click the platform icon to view the actual listing
Map View - Switch to map view to see where properties are located geographically. Click any property to view its card and access the listing link.
Sort Options - Reorder properties by revenue, occupancy, ADR, or other metrics to identify top performers.
Exporting Your Analysis
Download your compset data in multiple formats:
JPEG - Visual charts for presentations
PDF Report - Complete compset guide with all data and insights
CSV - Raw data for your own analysis
Click Create PDF Report at the bottom to generate a comprehensive document showing all your compset properties and performance data.
Using Compsets for Investment Decisions
Pre-Investment Analysis
Use the tool to validate investment opportunities:
Understand what revenue is achievable in the area
Identify the competitive ADR range
Spot market saturation or opportunity gaps
Benchmark expected performance
Pro tip: Narrow your compsets as much as possible. The tighter your selection, the more accurate your benchmarking.
Post-Investment Tracking
Save compsets to monitor your performance over time:
Track how your property ranks within the compset
Identify if you're lagging behind competitors
Spot trends that require pricing or marketing adjustments
Benchmark your growth against the market
Best Practices
Be selective - Quality over quantity. A tight compset of 5-10 truly comparable properties is more valuable than 30 loosely similar ones.
Check data depth - Properties with more historical data (200+ days available) provide more reliable insights.
Remove outliers - Delete properties that aren't genuinely comparable (different property types, locations, or target markets).
Update regularly - Revisit your compsets quarterly to track market changes.
Use filters strategically - Filter by minimum performance thresholds to focus on successful properties worth benchmarking against.
Key Benefits
Market intelligence - Understand the competitive landscape before investing
Performance benchmarking - Track how you compare to competitors
Historical trends - Identify seasonal patterns and market momentum
Investment validation - Verify revenue projections with real market data
Portfolio tracking - Monitor multiple properties against their respective markets
Flexible analysis - Customise compsets to match your specific criteria
Need Help?
If you have questions or need assistance, click the live chat button in the bottom right corner to reach our team.