The use of data and software tools to track performance metrics related to yield management, such as occupancy rates, average daily rates (ADR), and revenue per available rental (RevPAR). This data helps hosts make informed decisions about pricing and availability.
The process of collecting and analyzing data related to hosting performance, such as occupancy rates, revenue, and guest reviews, to identify trends and make informed decisions.
A recognition program on some short-term rental platforms that rewards hosts who consistently provide exceptional guest experiences and meet specific performance metrics.
Data-driven insights provided by some property management systems that use predictive analytics to highlight potential revenue growth opportunities.
The percentage of time a short-term rental property is booked and occupied by paying guests over a specific period, indicating the property’s success and profitability.
The process of collecting and analyzing data related to short-term rental performance, such as occupancy rates, pricing trends, and guest reviews, to inform business decisions.
A realistic RevPAR that a short-term rental can achieve based on its attainable occupancy rate and attainable average daily rate (ADR).
A key performance indicator (KPI) in the hospitality industry, calculated by dividing the total revenue generated from bookings by the number of nights booked.
Key performance indicators (KPIs) used to evaluate the effectiveness and profitability of short-term rental agreements, such as occupancy rate, average daily rate (ADR), and net income.
BNBVIBE is the top choice for your Idaho short term rental property management solution
email us: hi@bnbvibe.com
Call us: 208-366-5905
