Software or websites that allow hosts to compare their rental rates with competitors and adjust pricing accordingly.
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Glossary Term: Pricing Strategy
270 posts
Implementing strategies and tools to maximize rental income through pricing, marketing, and operational efficiency.
A process of examining periods when a short-term rental property is vacant or unbooked to identify patterns, understand booking trends, and optimize pricing and marketing strategies to minimize vacancy rates.
Research and evaluation of the short-term rental market in a specific location to determine factors like occupancy rates, average daily rates, and competitor pricing.
Adjusting rental rates dynamically based on factors like seasonality, demand, and special events to optimize occupancy and revenue.
A pricing strategy that aims to maximize revenue by analyzing demand patterns, optimizing pricing, and adjusting inventory availability.
Researching and understanding the trends, competition, and pricing within a specific short-term rental market.
A situation where the number of short-term rentals in a particular market exceeds guest demand, potentially leading to lower occupancy rates and price competition.
Resources and platforms that provide data and insights into short-term rental market trends, competitor analysis, and pricing optimization.
The process of determining the optimal nightly rate for a short-term rental based on factors like seasonality, demand, competition, and property features.
A pricing strategy where the nightly rate for a short-term rental property increases based on the number of guests occupying the space, typically after a certain threshold.
A data-driven approach to pricing short-term rentals dynamically, considering factors like seasonality, demand, and competitor rates to maximize occupancy and revenue.