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Glossary Term: Occupancy Rate
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A booking pattern where a property receives reservations for shorter, non-consecutive periods, often leaving gaps between bookings and potentially resulting in lower occupancy rates.
A period of exceptionally high demand and occupancy rates for short-term rentals, often coinciding with major events, holidays, or peak seasons.
The percentage of time a short-term rental property is booked and occupied by guests over a specific period.
Key indicators used to track the success and profitability of a short-term rental business, including occupancy rate, average daily rate, and revenue per available rental.
A key performance indicator (KPI) in short-term rental management, representing the percentage of time a property is booked over a specific period.
A situation in short-term rentals where a property is booked for only a portion of the available dates within a given period.
A measure of how effectively a short-term rental property is being booked and occupied over a given period, often expressed as an occupancy rate.
Refers to instances where a property appears occupied on a short-term rental platform despite being actually vacant, often employed to manipulate search rankings or create a false sense of demand.
The percentage of short-term rentals booked at any given time in Omaha, Nebraska, reflecting the demand for vacation rentals in the city.
A statistical chart representing cumulative frequency distribution, useful for visualizing data like occupancy rates or booking lead times in short-term rental management.
The overall performance and trends of the short-term rental industry in Ohio, including occupancy rates, average daily rates, and popular destinations.