Examining the average time between booking confirmation and the actual guest arrival date on a weekly basis, helping hosts anticipate demand patterns and adjust pricing or minimum stay requirements accordingly.
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Glossary Term: Booking Lead Time
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Analyzing historical booking data to understand typical booking lead times, helping with forecasting and revenue management.
A statistical chart representing cumulative frequency distribution, useful for visualizing data like occupancy rates or booking lead times in short-term rental management.
The period between when a guest makes a reservation and their actual arrival date for a short-term rental.
The period of time during which guests can make reservations for a short-term rental property, often extending several months into the future.
The process of guests reserving a short-term rental property for a future date. Advance booking trends and lead times can vary depending on factors like seasonality and destination popularity.