A hypothetical approach to revenue management that involves adjusting pricing and availability strategies in real-time based on market demand and other relevant factors.
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Glossary Term: Occupancy Forecasting
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A projection of the percentage of time a short-term rental property is expected to be booked over a specific period.
A feature within some property management platforms that uses machine learning algorithms to predict future occupancy rates for short-term rentals.
A visual representation of the booking pace for a short-term rental property, showing the time between when reservations are made and the actual stay dates.