Using historical data and market trends to predict future occupancy rates, aiding in pricing and revenue management.
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Glossary Term: Demand Prediction
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The practice of predicting future demand for short-term rentals based on historical data, seasonal trends, and local events to optimize pricing and availability.
A visual representation of the booking pace for a short-term rental property, showing the time between when reservations are made and the actual stay dates.
A measure of how quickly a short-term rental property receives bookings over a given period. A higher velocity indicates strong demand.