The process of handling inquiries from potential guests, providing accurate quotes for their desired dates and party size, and managing those quotes through acceptance or decline.
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Glossary Term: Rate Management
7 posts
Ensures consistent pricing for short-term rentals across all distribution channels, including Airbnb and VRBO, to avoid discrepancies and maintain brand reputation.
The practice of maintaining consistent rental rates across all distribution channels, such as Airbnb, VRBO, and direct bookings.
The practice of maintaining consistent pricing for short-term rental properties across all distribution channels, including online travel agents (OTAs) and direct bookings. This prevents rate disparities and ensures a fair market value.
A predetermined rental rate used for a specific period if the dynamic pricing algorithm does not have sufficient data or encounters an error, ensuring a minimum price point for the host.
A visual tool within property management software that allows hosts to adjust rental rates dynamically based on demand, seasonality, and other factors.
A feature in short-term rental platforms that allows hosts to set different prices for specific dates or seasons, optimizing their pricing strategy for higher occupancy and revenue.