Stands for “Short-Term Vacation Software Integration,” denoting the seamless connection between different software systems used in short-term rental management, such as property management software, channel managers, and dynamic pricing tools.
The use of dynamic pricing tools and algorithms to adjust short-term rental rates based on factors like demand, seasonality, competitor pricing, and market trends.
A pricing strategy where hosts manually adjust their nightly rates based on real-time market factors like demand, competitor pricing, and events, rather than relying solely on automated systems.
Software or features provided by platforms or third-party providers that use algorithms and market data to automatically adjust rental rates for optimal occupancy and revenue.
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.