The average or expected price range for a short-term rental property in a specific location and time period, based on factors like demand, seasonality, and property type.
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Glossary Term: Pricing
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The time of year when a particular destination experiences its highest influx of tourists, often characterized by increased demand and higher prices for accommodations.
The practice of analyzing market data and implementing pricing strategies to maximize rental income and occupancy rates.
The optimal price point for a short-term rental that maximizes bookings and revenue, balancing demand and competition.
A comprehensive plan for managing and optimizing short-term rental properties, encompassing aspects like pricing, marketing, guest experience, and financial management.
A pricing strategy used by short-term rental platforms, like Airbnb and VRBO, where prices increase significantly during periods of high demand, such as holidays or special events.
The fluctuating balance between the availability of short-term rentals (supply) and the number of guests seeking accommodations (demand), influencing pricing and occupancy rates.
A peak travel period in many destinations, typically during March and April, when students and families often take vacations, influencing pricing and demand for short-term rentals.
The period between a destination’s peak season and off-season, offering a balance of pleasant weather, fewer crowds, and potentially lower prices.
The practice of continually refining and improving short-term rental listings on platforms like Airbnb and VRBO based on real-time data and analytics. This includes adjusting pricing, updating photos, refining descriptions, and responding to guest feedback to maximize occupancy rates and revenue.
Setting a timeframe for the validity of provided quotes to manage booking expectations and account for potential price fluctuations.
Inquiries from potential guests seeking personalized pricing for specific dates and durations before committing to a booking.