Setting clear and transparent pricing policies that adjust based on the number of guests staying, ensuring fairness and avoiding surprises.
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Glossary Term: Occupancy Rates
49 posts
Researching and understanding the local short-term rental market, including competitor pricing, occupancy rates, and demand trends.
Implementing pricing strategies based on factors like demand, seasonality, and competition to maximize rental income and profitability.
A digital calendar that displays the availability of a short-term rental property. Hosts use ebooking calendars to manage reservations, avoid double-bookings, and track occupancy rates.
Strategies for offering discounts and promotions to attract bookings during low seasons or to incentivize longer stays.
A dynamic pricing strategy used by short-term rental hosts that adjusts rental rates based on factors like seasonality, demand, events, and competitor pricing.
A visual representation of booking demand and occupancy rates for a short-term rental property over a specific period, helping hosts adjust pricing and availability.
The availability of short-term rental properties that fluctuates based on factors like seasonality, owner usage, and booking patterns.
Patterns and shifts in guest booking behavior for short-term rentals, influenced by factors like seasonality, events, and economic conditions.
The process of researching and evaluating similar short-term rental properties in the same area to understand market trends, pricing strategies, and competitive advantages.
A digital calendar that displays the availability of a short-term rental property, allowing potential guests to view open dates and book their stay.
A metric used to track the average number of nights guests stay in a short-term rental, providing insights into booking patterns and revenue potential.