Implementing techniques and tactics to increase revenue per available rental night, including dynamic pricing, minimum stay requirements, and upselling.
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Glossary Term: Minimum Stay
16 posts
The shortest duration for which guests can book a short-term rental, impacting occupancy rates and cleaning schedules.
Setting a minimum stay requirement of two nights for bookings, often implemented during peak seasons or for operational efficiency.
A promotional offer that provides a reduced rate for guests who book a minimum stay of two nights, encouraging longer bookings.
The minimum number of nights guests are required to book for a stay at the rental property, often implemented during peak season or for special events.
A booking requirement that guests must reserve the property for a minimum of three nights, common during peak seasons or for larger properties.
Rules set by hosts or platforms that dictate the minimum or maximum length of stay allowed for bookings.
Employing strategies tailored to short-term rentals, such as dynamic pricing, minimum stay requirements, and seasonal adjustments to maximize rental income.
Strategically adjusting the minimum stay requirement for a short-term rental based on factors like seasonality, demand, and booking lead time.
Implementing a strategic approach to setting minimum night stay requirements to balance occupancy rates, cleaning costs, and guest preferences.
A booking without a predetermined checkout date, allowing guests to stay as long as needed. Often subject to minimum stay requirements and requires clear communication with the host.