An Albanian word for “half.” Offering discounts for longer stays, such as a “gjysmë” or half-price week, can attract guests looking for extended vacations and increase occupancy rates during slower seasons.
Evaluating the performance of short-term rentals based on their location’s zip code. This can include analyzing factors like average daily rate, occupancy rate, and seasonality trends.
A pricing strategy used to maximize rental income by analyzing market demand, seasonality, and competitor pricing to adjust rental rates dynamically and optimize occupancy.
A weekly marketing campaign where hosts offer discounts or special packages on Fridays to attract weekend travelers and boost occupancy during off-peak days.
Metrics used to measure the success and performance of a short-term rental business, such as occupancy rate, average daily rate, and revenue per available room.
Key performance indicators (KPIs) used to track the success of a short-term rental business, such as occupancy rate, average daily rate, and guest satisfaction scores.
Strategies and techniques used by short-term rental hosts to maximize rental income by optimizing pricing, occupancy rates, and booking channels, often utilizing dynamic pricing algorithms and market analysis.
The percentage of booked nights in a short-term rental property during a specific quarter (every three months), calculated by dividing booked nights by total available nights.
Key performance indicators (KPIs) used to track the financial performance of a short-term rental, such as occupancy rate, average daily rate, and revenue per available room.
Strategies and tactics aimed at increasing the average duration guests stay at a short-term rental property, ultimately boosting revenue and occupancy rates.