The percentage of time a short-term rental is booked during a specific period after it is first listed on platforms like Airbnb and VRBO, often influenced by pricing and marketing strategies.
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Glossary Term: Pricing Strategy
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Data-driven analysis of booking patterns, pricing trends, and guest preferences, providing hosts with insights to optimize their listings and strategies.
Strategies and practices employed by hosts to maximize the availability of their listings for bookings, minimizing vacancy periods and maximizing rental income.
The pricing strategy for short-term rentals during weekends, typically higher than weekday rates due to increased demand for leisure travel.
The strategic approach to pricing and availability optimization for maximizing revenue from a short-term rental property, considering factors like seasonality, demand, and competition.
Managing the financial aspects of short-term rental hosting, including tracking income and expenses, setting pricing strategies, and complying with tax regulations.
Price reductions offered by the host for longer stays, last-minute bookings, or other promotional reasons.
The strategy of maintaining consistent pricing for short-term rentals across multiple platforms like Airbnb and VRBO to avoid channel conflicts.
The minimum number of nights required for booking a short-term rental, often varying depending on seasonality, weekends, and special events.
A desirable metric for short-term rental hosts, indicating a high percentage of booked nights over a given period.
Strategies and techniques used to optimize pricing, occupancy, and revenue generation for short-term rental properties.
The initial nightly price set by the host for their listing, excluding any additional fees or discounts.