The percentage of time a rental property is booked over a specific period, a key metric for revenue management.
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Glossary Term: Booking Rate
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The speed at which hosts respond to booking inquiries and guest messages, crucial for securing bookings and providing excellent customer service.
Enabling guests to book instantly without requiring host approval, leading to increased bookings and a seamless reservation process.
The percentage of short-term rental listing views that result in a confirmed booking, often used as a measure of listing performance and marketing effectiveness.
High-quality photos taken by a professional photographer to showcase a short-term rental property in its best light, attracting more potential guests and justifying higher rental rates.
The percentage of time a short-term rental property is booked and occupied by guests over a specific period.
A key performance indicator (KPI) in short-term rental management, representing the percentage of time a property is booked over a specific period.
A measure of how effectively a short-term rental property is being booked and occupied over a given period, often expressed as an occupancy rate.
The percentage of time a short-term rental property is occupied by paying guests over a specific period. It is a key metric for evaluating the performance of a rental business.
The percentage of time a short-term rental is booked over a specific period, indicating the property’s popularity and revenue potential.
Focuses on optimizing listing content, pricing, and guest communication to maximize the conversion rate of inquiries and bookings.
The percentage of time a short-term rental property is booked and occupied by guests. Higher occupancy rates generally translate to increased revenue, but achieving optimal occupancy requires balancing pricing, marketing, and seasonality.