The approximate duration required to clean and prepare a short-term rental property for the next guest arrival.
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Glossary Term: Pricing Strategy
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The group of European countries using the Euro as their currency, relevant for hosts and guests navigating currency exchange and potential fluctuations in pricing.
Strategies for optimizing short-term rental pricing to maximize revenue, considering factors like seasonality, demand, and competitor pricing.
A pricing strategy that adjusts short-term rental rates in real-time based on factors like demand, seasonality, and competitor pricing.
Dynamic pricing models used in short-term rental management that adjust rates based on factors like seasonality, demand, and competition.
The process of adjusting the nightly, weekly, or monthly rates for a short-term rental property based on factors like seasonality, demand, competition, and business goals.
The strategic pricing and availability management of short-term rental properties to optimize occupancy rates and maximize rental income.
A pricing strategy used to maximize revenue by adjusting rental rates based on factors such as demand, seasonality, and competition.
The process of implementing strategies to maximize revenue from a short-term rental, such as dynamic pricing, targeted marketing, and offering additional services.
The process of examining data related to the length of guest stays at a short-term rental property to identify patterns and optimize pricing strategies.
A decrease in the number of reservations made for a short-term rental property, often indicating a need to adjust pricing, marketing, or property features.