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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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.
Data-driven analysis of booking patterns, pricing trends, and guest preferences, providing hosts with insights to optimize their listings and strategies.
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.
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.