Research conducted to understand the performance of short-term rentals in a specific location, including factors like occupancy rates, average daily rates, and competitor analysis.
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Glossary Term: Average Daily Rate (ADR)
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A key performance indicator (KPI) used in the hospitality industry to measure the revenue generated per available rental unit over a specific period. It helps assess the profitability and efficiency of a rental property.
A key performance indicator (KPI) in the hospitality industry that measures the revenue generated per available rental unit, calculated as average daily rate multiplied by occupancy rate.
Key indicators used to track the success and profitability of a short-term rental business, including occupancy rate, average daily rate, and revenue per available rental.
The use of data and software tools to track performance metrics related to yield management, such as occupancy rates, average daily rates (ADR), and revenue per available rental (RevPAR). This data helps hosts make informed decisions about pricing and availability.
Key performance indicators (KPIs) used to measure the effectiveness of yield management strategies for short-term rentals. These metrics include occupancy rate, average daily rate (ADR), revenue per available rental (RevPAR), and length of stay.
Research and data analysis to understand the performance of short-term rentals in a specific location, including occupancy rates, average daily rates, and seasonality.
Tracking and analyzing key financial metrics like occupancy rates, average daily rate, and expenses to evaluate the profitability of a short-term rental business.
The practice of adjusting pricing and availability strategies for short-term rentals to maximize revenue. It involves analyzing market trends, seasonality, competitor activity, and other factors to optimize occupancy and average daily rates.