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.
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.
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.
A visual representation of the rental rates for a property over a specific period, allowing hosts to adjust pricing based on seasonality, demand, and other factors.
Strategies and techniques for maximizing rental income, including dynamic pricing, occupancy optimization, and revenue forecasting.