A marketing strategy that divides a target market into smaller groups based on geographic location. Short-term rental hosts can use geographic segmentation to tailor their listings and marketing messages to specific regions or demographics.
Glossary Term: Market Research
Researching and predicting future trends in the short-term rental industry, including demand fluctuations, pricing strategies, and emerging markets.
A report that compares a short-term rental property to similar properties in the same market to determine a competitive rental rate. Factors considered include location, size, amenities, and seasonality.
Resources and software that provide insights into the short-term rental market, including competitor analysis, pricing trends, occupancy rates, and demand forecasting.
Conducting focus groups with potential guests to gather feedback on listings, pricing, and amenities to optimize the rental experience and attract more bookings.
Researching and understanding the local short-term rental market, including competitor pricing, occupancy rates, and demand trends.
Data-driven insights and metrics that track the performance of short-term rental listings, including views, inquiries, bookings, and guest reviews, used to identify areas for improvement.
The process of gathering insights into the preferences, motivations, and behaviors of target guests to tailor marketing efforts and enhance the overall guest experience.
A market research method where a group of people are invited to provide feedback and opinions on a specific topic, such as short-term rental preferences or experiences.
An organization promoting Europe as a tourist destination, providing insights and data relevant to short-term rental hosts targeting European travelers.
A market research provider offering insights into travel and tourism trends, including data on short-term rentals, useful for hosts understanding market dynamics.
The process of collecting and analyzing data related to occupancy rates, guest reviews, and market trends to optimize rental performance.