The practice of predicting future rental income based on historical data, market trends, and seasonal demand to optimize pricing and maximize revenue.
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Glossary Term: Data-Driven
5 posts
Cleaning procedures for short-term rentals that are adjusted based on real-time data and health guidelines. This might include increasing cleaning frequency, using specific disinfectants, or implementing contactless check-in and check-out procedures.
The practice of continually refining and improving short-term rental listings on platforms like Airbnb and VRBO based on real-time data and analytics. This includes adjusting pricing, updating photos, refining descriptions, and responding to guest feedback to maximize occupancy rates and revenue.
A sophisticated software feature that automatically adjusts rental rates based on real-time market data, such as demand fluctuations, competitor pricing, seasonality, and special events, to optimize revenue.
The process of providing evidence or rationale to support the chosen brand messages for a short-term rental, ensuring they are credible, relevant, and resonate with the target audience.