A software solution used by property managers or hosts to automatically generate rental quotes based on factors like seasonality, demand, length of stay, and property attributes.
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Glossary Term: Dynamic Pricing
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The highest price charged for a short-term rental during periods of exceptionally high demand, such as holidays, special events, or peak season.
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.
A pricing strategy where hosts constantly adjust their rates up and down in response to competitor pricing and demand fluctuations.
Leveraging price differences for the same short-term rental across multiple platforms, like Airbnb and VRBO, to maximize booking potential.
A pricing strategy where hosts increase their nightly rates during periods of high demand for short-term rentals, such as holidays, special events, or peak season.
A pricing strategy where rental rates are adjusted based on factors such as occupancy rates, demand, and competitor pricing to optimize revenue.
Entrusting the pricing and availability strategy of a short-term rental to a specialized third-party company. These companies use data analysis and market trends to optimize rental rates and maximize occupancy for property owners.
Strategies and tactics employed by hosts to attract bookings during periods of low demand or off-season.
A pricing strategy where short-term rental property owners manually set their rental rates based on factors like seasonality, demand, competition, and their own financial goals.
A pricing strategy used by some property management systems and online travel agencies where the total cost of a stay is calculated based on the number of rooms occupied rather than a flat rate per night.
A pricing strategy where short-term rental rates are dynamically adjusted based on the specific listing platform or channel, such as Airbnb, VRBO, or Booking.com, to optimize occupancy and revenue.