The percentage of time a short-term rental property is booked and occupied during a given week, often used as a key performance indicator (KPI) in the industry.
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Glossary Term: Booking Rate
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A metric used to track the percentage of time a short-term rental property is booked over a specific period, calculated by dividing the number of booked nights by the total number of available nights.
The percentage of time that a rental property is booked and occupied by paying guests over a specific period, indicating the property’s popularity and revenue potential.
The percentage of time a vacation rental is booked over a specific period, indicating its popularity and profitability.
The percentage of time a short-term rental property is booked over a specific period, often used as a key performance indicator (KPI) for rental success.
The percentage of time a short-term rental property is booked over a specific period. A higher occupancy rate generally indicates greater profitability.
The process of enhancing vacation rental listings on OTAs to improve visibility, attract more bookings, and maximize revenue. This includes optimizing titles, descriptions, photos, and amenities.
The percentage of time a short-term rental property is booked and occupied by guests over a specific period, indicating the property’s rental performance.
The percentage of time a short-term rental property is booked over a specific period, indicating its popularity and profitability.
The percentage of potential guests who book a stay after viewing the property listing. It measures the effectiveness of marketing and listing optimization efforts.
The significant impact that guest reviews have on the reputation and booking potential of short-term rental properties, influencing future guest decisions.