The strategic planning and coordination of bookings, pricing, and availability to maximize occupancy rates and revenue for a short-term rental property.
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Glossary Term: Calendar Management
27 posts
A situation where a host accidentally accepts multiple bookings for the same dates, leading to potential double-bookings and significant guest dissatisfaction. Implementing robust booking management systems and practices is crucial for avoiding overbookings.
A digital calendar used by hosts to track bookings, availability, and pricing for their short-term rental property.
Connecting the availability calendars of a short-term rental across multiple platforms to prevent double bookings and streamline reservation management.
A visual tool that helps hosts track occupancy rates, adjust prices, and manage bookings to maximize rental income throughout the year.
The minimum number of nights guests are required to book for a specific property and date range, set by the host or property manager.
Strategies and techniques aimed at maximizing the percentage of time a short-term rental property is booked, utilizing pricing adjustments, marketing efforts, and calendar management to minimize vacancy periods.
Synchronizing a property’s availability calendar with local events and festivals to optimize pricing and attract guests attending these occasions.
Strategies and practices employed by hosts to maximize the availability of their listings for bookings, minimizing vacancy periods and maximizing rental income.
A digital calendar used to manage reservations, track availability, and prevent double-bookings across multiple platforms.
A software solution that allows hosts to manage their listings, calendars, and bookings across multiple online travel agencies (OTAs) from a centralized dashboard.