A decrease in the number of guests seeking short-term rentals in a particular market, often influenced by seasonal changes, economic factors, or external events.
A decrease in the number of reservations made for a short-term rental property, often indicating a need to adjust pricing, marketing, or property features.
The importance and financial benefits associated with longer guest stays at a short-term rental property, contributing to higher revenue and reduced turnover costs.
The strategic approach of maximizing rental income by adjusting pricing, availability, and marketing efforts based on factors like demand and seasonality.
A metric that tracks the total number of nights a short-term rental property is booked over a specific period, expressed as a percentage of the total available nights.
The practice of adjusting pricing and availability strategies for short-term rentals to maximize revenue. It involves analyzing market trends, seasonality, competitor activity, and other factors to optimize occupancy and average daily rates.
The process of researching and comparing similar short-term rental properties in the same market to understand pricing trends, occupancy rates, and guest preferences.