The practice of generating detailed reports every three months to analyze key performance indicators (KPIs) like occupancy rates, revenue, expenses, and guest satisfaction for a vacation rental business.
Glossary Term: Business Intelligence
The process of collecting, analyzing, and interpreting data related to short-term rental performance, such as occupancy rates, average daily rates, and guest reviews, to make informed business decisions.
Tools that provide short-term rental hosts with comprehensive insights into their business performance, tracking key metrics like occupancy rates, revenue, expenses, and guest demographics.
Collecting and analyzing data on guest behavior, preferences, and feedback to optimize pricing, marketing, and the overall guest experience.
A centralized platform within a channel manager or property management system that provides data visualizations and insights on booking trends, revenue, and channel performance.
Leveraging data collected from various sources, like booking platforms and property management systems, to gain insights into performance, guest behavior, and market trends.
A visual representation of key performance indicators (KPIs) related to short-term rental performance, such as occupancy rate, revenue, and guest satisfaction.
The process of collecting and analyzing data related to occupancy rates, booking patterns, and revenue to optimize pricing and listing performance.
A centralized platform or tool that provides key metrics and insights into listing performance, such as occupancy rates, average daily rates, and guest reviews.
The collection and analysis of data generated by IoT devices in rental properties to gain insights into guest behavior, property performance, and operational efficiency.
The process of collecting and analyzing data related to hosting performance, such as occupancy rates, revenue, and guest reviews, to identify trends and make informed decisions.
Leveraging data from various sources like booking platforms, market trends, and guest feedback to gain insights, make informed decisions, and improve performance.