A nightly rate for a short-term rental that has been adjusted based on historical occupancy and demand data, similar to how hotels adjust their pricing.
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Glossary Term: Revenue Management
274 posts
The percentage of time a short-term rental property is booked over a specific period, a key metric for measuring business performance and revenue generation.
Monitoring and analyzing key performance indicators (KPIs) related to short-term rental performance, such as occupancy rate, average daily rate, and guest satisfaction scores.
The price charged per night for a short-term rental, often fluctuating based on demand, seasonality, and other factors.
Methods and techniques used to determine the optimal rental rates for a short-term rental property, considering factors like demand, seasonality, and competition.
A pricing strategy that adjusts rental rates in real-time based on factors like demand, seasonality, competitor pricing, and events.
The revenue generated by hosts from short-term rentals after deducting expenses such as platform fees, cleaning costs, and maintenance.
Setting higher rental rates during periods of peak demand, such as holidays, special events, and popular travel seasons.
Adjusting rental rates in real-time based on factors like demand, seasonality, events, and competitor pricing to optimize revenue and occupancy.
Employing advanced data analysis techniques like gyrokinetic simulations to optimize pricing strategies and predict booking patterns, maximizing revenue potential.
The approach and methods used to determine the optimal pricing for a short-term rental property based on factors like seasonality and demand.
The practice of analyzing data and market trends to optimize pricing and availability for short-term rentals, maximizing occupancy and revenue.