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.
Glossary Term: Dynamic Pricing
A pricing strategy where the nightly rate for a short-term rental fluctuates based on factors like demand, seasonality, or length of stay.
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.
The practice of optimizing pricing and availability to maximize revenue from short-term rental properties.
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.
Tools that analyze market data, competitor pricing, and other factors to optimize rental rates and maximize revenue for short-term rental properties.
A dynamic pricing strategy where rental rates are adjusted based on fluctuations in demand due to seasonal changes, holidays, or local events.
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.
Strategies and techniques for maximizing rental income, including dynamic pricing, occupancy optimization, and revenue forecasting.
Automated systems that adjust rental prices based on factors like demand, seasonality, and competitor pricing to maximize revenue.