Data points and metrics used to evaluate the performance of a short-term rental host, such as occupancy rate, average daily rate, and guest reviews.
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Glossary Term: Revenue Management
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A dynamic pricing strategy that adjusts rental rates based on factors such as demand, seasonality, competition, and guest behavior.
Specialized software or platforms designed to monitor and analyze key performance indicators (KPIs) relevant to short-term rental businesses, such as occupancy rate, average daily rate, and revenue per available rental.
Implementing strategies to maximize the number of booked nights for your rental property, such as dynamic pricing and promotional offers.
Strategies used by short-term rental hosts to maximize occupancy rates and revenue by adjusting pricing based on factors like demand, seasonality, and events.
Visual tools that track key financial metrics like revenue, expenses, and occupancy rates, enabling data-driven decisions for your rental business.
The use of data and performance metrics to track key indicators like occupancy rates, revenue, and guest satisfaction for informed decision-making.
Strategies and practices used to optimize revenue generation from short-term rental properties, including dynamic pricing, revenue forecasting, and channel management.
Dynamic pricing models used in short-term rental management that adjust rates based on factors like seasonality, demand, and competition.
A data-driven approach to pricing rental properties based on market analysis, competitor rates, seasonality, and demand fluctuations to maximize occupancy and revenue.
The percentage of booked nights in a short-term rental property during a specific quarter (every three months), calculated by dividing booked nights by total available nights.
Strategies for optimizing short-term rental pricing to maximize revenue, considering factors like seasonality, demand, and competitor pricing.