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Glossary Term: Length of Stay
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The shortest allowable booking duration for a rental property, set by the host to manage availability and optimize pricing.
Strategies for maximizing occupancy and revenue by adjusting minimum and maximum stay lengths based on demand patterns and seasonal trends.
Setting minimum night requirements to balance occupancy optimization with operational efficiency and guest preferences.
The shortest duration a guest is allowed to book a short-term rental for, set by the host or property manager.
Key performance indicators (KPIs) used to measure the effectiveness of yield management strategies for short-term rentals. These metrics include occupancy rate, average daily rate (ADR), revenue per available rental (RevPAR), and length of stay.
The minimum number of nights required for booking a short-term rental, often varying depending on seasonality, weekends, and special events.
The shortest duration for which a host is willing to accept a booking, often adjusted based on seasonality, demand, and operational efficiency.
A requirement set by hosts specifying the shortest allowable booking duration for their property, often varying by season or demand, to manage turnover costs and target specific guest types.
A specified minimum number of nights that guests must book for a short-term rental, often implemented to minimize turnover costs and attract longer stays.