A pricing strategy where the nightly rate for a short-term rental fluctuates based on factors like demand, seasonality, or length of stay.
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Glossary Term: Demand-Based Pricing
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A pricing strategy that adjusts rental rates in real-time based on factors like demand, seasonality, and competitor pricing.
A pricing strategy that adjusts rental rates based on factors like demand, seasonality, and property size to maximize revenue as a property manager grows their portfolio.
Automated systems that adjust rental prices based on factors like demand, seasonality, and competitor pricing to maximize revenue.
The practice of adjusting nightly rates for short-term rentals based on fluctuations in demand due to seasonal changes, holidays, or local events.
Pricing strategies that take into account the demand for remote work-friendly accommodations, adjusting rates based on factors like internet speed and availability of workspaces.
A pricing strategy for short-term rentals where rates are structured in tiers based on demand and availability, with higher prices for peak seasons and weekends.
A pricing strategy where rates are adjusted based on demand and availability, with higher prices charged during peak seasons and lower prices during off-season.
Adjusting rental rates higher during periods of increased travel demand, such as holidays or popular events, to capitalize on market fluctuations.
Setting lower rental rates during periods of lower demand, such as weekdays or the off-season, to attract more bookings.
Adjusting rental rates strategically during periods of lower demand, such as the off-season or weekdays, to attract more bookings and maximize occupancy.