The practice of using data and analytics to optimize pricing and availability for short-term rentals to maximize revenue.
Menu
Glossary Term: Pricing Strategy
270 posts
The strategic approach of maximizing rental income by adjusting pricing, availability, and marketing efforts based on factors like demand and seasonality.
A visual representation of booking demand and occupancy rates for a short-term rental property over a specific period, helping hosts adjust pricing and availability.
The base price charged per night for a short-term rental property, excluding any additional fees or taxes.
A dynamic pricing strategy used by short-term rental hosts that adjusts rental rates based on factors like seasonality, demand, events, and competitor pricing.
A pricing strategy where short-term rental rates fluctuate based on real-time market demand, seasonality, competitor pricing, and other factors. This approach helps hosts maximize occupancy and revenue.
The practice of adjusting rental prices in real-time based on factors like demand, seasonality, and competitor pricing.
The average amount of time between when a guest books a short-term rental and their actual stay, influencing pricing strategies and last-minute availability.
Patterns and shifts in guest booking behavior for short-term rentals, influenced by factors like seasonality, events, and economic conditions.
The process of researching and evaluating similar short-term rental properties in the same area to understand market trends, pricing strategies, and competitive advantages.
A pricing strategy where rental rates vary depending on the day of the week to account for fluctuations in demand, such as higher prices on weekends and lower prices during weekdays.