The use of dynamic pricing tools and algorithms to adjust short-term rental rates based on factors like demand, seasonality, competitor pricing, and market trends.
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Glossary Term: Rate Optimization
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A dynamic pricing strategy that adjusts rental rates based on peak travel times, such as holidays, weekends, and special events.
A pricing strategy where hosts increase their nightly rates during periods of high demand for short-term rentals, such as holidays, special events, or peak season.
A pricing strategy that combines elements of both dynamic pricing and fixed pricing, allowing hosts to adjust rates based on demand while maintaining some level of consistency.