The practice of predicting future demand for short-term rentals based on historical data, seasonal trends, and local events to optimize pricing and availability.
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Glossary Term: Pricing Optimization
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Specialized tools and platforms designed to assist short-term rental hosts in optimizing pricing, availability, and bookings to achieve maximum revenue and occupancy rates.
Possessing specialized knowledge and skills in optimizing pricing and availability to maximize revenue for short-term rentals. This may involve using dynamic pricing tools, analyzing market data, and forecasting demand.