The efficient management of a vacation rental property’s availability calendar across multiple booking platforms to maximize occupancy and revenue.
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Glossary Term: Occupancy
29 posts
A bedroom configuration featuring two separate beds of the same size, typically single or double, ideal for accommodating two individuals.
A pricing strategy where hosts lower their nightly rates during periods of lower demand, typically outside of peak seasons or holidays, to attract bookings and maintain occupancy.
Fluctuations in the demand for short-term rentals throughout the year, influenced by factors like holidays, school breaks, weather patterns, and local events.
The percentage of time a short-term rental property is booked over a specific period. A higher occupancy rate generally indicates greater profitability.
The specific configuration of beds and sleeping spaces within a short-term rental, including the number of each bed type and their location.
The percentage of time a rental property is booked over a specific period, a key metric for revenue management.
The time of year when a particular destination or region experiences the highest demand for short-term rentals, typically accompanied by increased booking rates and occupancy.
A metric used to track the frequency of bookings and guest turnover in a short-term rental property. A high pulse rate can indicate strong demand but also increased wear and tear.
The percentage of time a short-term rental property is occupied by paying guests over a specific period. It is a key metric for evaluating the performance of a rental business.
The maximum number of guests permitted to stay overnight in the short-term rental property, specified by the host based on local regulations and property capacity.