The percentage of time a short-term rental property is occupied by paying guests over a specific period. It is a key metric for evaluating the performance of a rental business.
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Glossary Term: Revenue Management
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Patterns and fluctuations in the demand for short-term rentals in a particular location, often influenced by seasonality, events, and travel trends.
The strategic planning and coordination of bookings, pricing, and availability to maximize occupancy rates and revenue for a short-term rental property.
A pricing strategy that adjusts rental rates in real-time based on factors like demand, seasonality, and competitor pricing to maximize revenue for short-term rental hosts.
Strategic implementation of pricing, marketing, and operational strategies to optimize occupancy rates and maximize revenue generation for short-term rental properties.
A dynamic pricing model that considers competitor pricing, seasonality, and demand fluctuations to optimize nightly rates for short-term rentals.
A pricing strategy that adjusts nightly rates based on factors like demand, seasonality, and competitor pricing to optimize revenue.
A tool that analyzes market data, seasonality, and demand to help hosts optimize their pricing strategy and maximize revenue.
Emphasizes the use of data analytics and insights to make informed decisions about pricing, marketing, and operations in short-term rental management.
Represents the practice of adjusting rental rates in real-time based on factors like demand, seasonality, and competitor pricing.
Emphasizes the strategic approach to maximizing rental income by optimizing pricing, occupancy rates, and revenue streams.
Key performance indicators (KPIs) used to track the success and profitability of a short-term rental business. These include metrics like occupancy rate, average daily rate (ADR), and revenue per available rental (RevPAR).