The average percentage of time a short-term rental property is occupied by paying guests over a specific period.
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Glossary Term: Occupancy Rate
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The percentage of time a short-term rental property is booked and occupied by guests over a specific period, indicating the property’s rental performance.
The percentage of time a short-term rental property is booked during the summer months, typically considered a peak season for travel.
The percentage of time a short-term rental property is booked over a specific period, indicating its popularity and profitability.
Strategies for maximizing the percentage of time a rental property is booked, using pricing adjustments, promotions, and calendar management.
The strategic approach to maximizing rental income by adjusting pricing based on factors like seasonality, demand, competition, and special events.
A key performance indicator (KPI) in the hospitality industry that measures the revenue generated per available rental unit, calculated as average daily rate multiplied by occupancy rate.
The process of strategically furnishing and marketing different rooms or units in a property to appeal to various guest segments and maximize occupancy.
A metric that indicates the percentage of time a rental property or specific room is booked over a given period.
Strategies for maximizing occupancy and revenue by adjusting minimum and maximum stay lengths based on demand patterns and seasonal trends.
Evaluating the balance between the number of available short-term rentals and the demand from travelers in a specific market to identify pricing opportunities and potential challenges.
Strategies and techniques aimed at maximizing occupancy rates for short-term rentals, leveraging data analysis, marketing, and revenue management principles.