The use of data and research to understand the performance of the short-term rental market in a specific location. This includes analyzing factors like occupancy rates, average daily rates, seasonality trends, and competitor activity to make informed investment and management decisions.
Glossary Term: Occupancy Rates
A data-driven approach to maximizing income from short-term rentals. This involves leveraging analytics and insights to optimize pricing, occupancy rates, and operational efficiency. Tools and technologies are used to automate tasks, track performance, and identify growth opportunities.
Adjusting pricing dynamically based on factors like demand, seasonality, events, and competitor rates to maximize occupancy and profit.
The practice of continually refining and improving short-term rental listings on platforms like Airbnb and VRBO based on real-time data and analytics. This includes adjusting pricing, updating photos, refining descriptions, and responding to guest feedback to maximize occupancy rates and revenue.
Refers to the cyclical pattern of bookings a short-term rental experiences throughout the year, often influenced by seasonality, local events, and travel trends.
The dynamic adjustment of rental rates based on factors like seasonality, demand, competition, and property features to maximize occupancy and revenue while remaining competitive.
Research on the performance of short-term rentals in Oklahoma City, including occupancy rates, average daily rates, and revenue trends.
The cyclical fluctuations in tourist arrivals and their effect on short-term rental occupancy rates in Oludeniz, Turkey, throughout the year.
Historical and current data on the percentage of booked short-term rental properties in Oloron-Sainte-Marie, France, over specific periods.
The attractiveness of Omaha’s real estate market for purchasing properties specifically for short-term rental purposes, considering factors like ROI and occupancy rates.
A comprehensive assessment of the short-term rental landscape in Omaha, examining factors like occupancy rates, average daily rates, and competitor analysis.
Strategies focused on maximizing revenue from short-term rentals by analyzing market trends, optimizing pricing, and adjusting availability.