A dynamic pricing model where rental rates are adjusted regularly based on factors like demand, seasonality, and competitor pricing.
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Glossary Term: Competitor Analysis
18 posts
The process of researching and comparing similar short-term rental properties in the same market to understand pricing trends, occupancy rates, and guest preferences.
A report that compares a short-term rental property to similar listings in the area to determine its competitive pricing and occupancy potential.
Researching and understanding the local short-term rental market, including competitor pricing, occupancy rates, and guest demographics.
The process of comparing a short-term rental business’s performance against industry best practices and competitors to identify areas for improvement.
The process of comparing the performance of a short-term rental property against competitors or industry averages to identify areas for improvement.