The process of handling inquiries from potential guests, providing accurate quotes for their desired dates and party size, and managing those quotes through acceptance or decline.
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Glossary Term: Pricing
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The fluctuation in demand and pricing for vacation rentals based on time of year, holidays, and local events.
The charges imposed by property management companies or individuals for overseeing the day-to-day operations of a short-term rental.
Different tiers of service provided by property managers, ranging from basic listing management to comprehensive guest services.
Specialized software solutions designed to help short-term rental hosts optimize pricing, manage bookings, track expenses, and analyze financial performance.
A promotional offer that provides a reduced rate for guests who book a minimum stay of two nights, encouraging longer bookings.
Fluctuations in the demand for short-term rentals throughout the year, influenced by factors like holidays, school breaks, weather patterns, and local events.
The price charged to guests for each night of their stay at the rental property, often fluctuating based on demand, seasonality, and competition.
A booking option offered to guests at a discounted price, typically requiring full payment upfront and non-refundable in case of cancellation.
A special rate agreed upon between a host and a guest, typically for extended stays, corporate bookings, or repeat customers.
A pricing strategy where the total cost for a short-term rental stay is split into a base rate and additional fees, such as cleaning fees or extra guest charges.
The complete amount a guest pays for their stay in a short-term rental, including the nightly rate, cleaning fees, taxes, and any other applicable charges.