The consistent tracking of rental rates across multiple booking platforms (e.g., Airbnb, VRBO) on a weekly basis to ensure pricing consistency and avoid discrepancies that could affect bookings.
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Glossary Term: Rate Parity
11 posts
A higher nightly or overall price charged for bookings that include Friday, Saturday, and/or Sunday nights, reflecting increased demand.
The practice of maintaining consistent rental rates across different booking platforms to avoid channel conflict.
Strategically managing listings across multiple platforms like Airbnb and VRBO, ensuring consistent information, calendar synchronization, and rate parity.
The practice of maintaining consistent pricing for vacation rentals across all online travel booking channels (OTAs) like Airbnb, VRBO, and Booking.com.
Aligning rental rates across multiple booking platforms, especially during peak seasons, to maximize occupancy and avoid rate discrepancies.
The practice of maintaining consistent rental rates across different platforms like Airbnb and VRBO to avoid confusing potential guests and potentially violating platform policies. While complete parity isn’t always possible, striving for rate similarity helps build trust and attract bookings.
Leveraging price differences for the same short-term rental across multiple platforms, like Airbnb and VRBO, to maximize booking potential.
The strategy of maintaining consistent pricing for a short-term rental across multiple booking platforms.
The lowest price a short-term rental property can be advertised for on booking platforms, agreed upon between the host and the platform or a property manager.
A visual tool that helps hosts track occupancy rates, adjust prices, and manage bookings to maximize rental income throughout the year.