The average number of nights that guests typically stay in a short-term rental, influenced by factors like property type, location, and seasonality.
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Glossary Term: Revenue Management
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Tools that use algorithms and market data to dynamically adjust rental prices based on factors like demand, seasonality, and competitor pricing.
Tools that track rental prices across multiple platforms to ensure consistent pricing and avoid discrepancies that could impact bookings.
A performance metric used in the hospitality industry that calculates the average revenue generated per available room, considering both occupancy rate and average daily rate.
The percentage of a short-term rental property that is booked during the month of April, often considered a shoulder season month in many destinations.
Data points used to track the financial health and performance of a short-term rental property, including occupancy rate, average daily rate (ADR), and revenue per available room (RevPAR).
An additional fee charged to guests for optional amenities or services beyond the standard rental offering, such as early check-in, late check-out, or use of specialized equipment.
A cleaning fee that is spread out over multiple bookings, typically calculated based on the average cleaning cost per stay and the expected booking frequency.
A dynamic pricing tool that automatically adjusts nightly rates based on factors like demand, seasonality, and competitor pricing.
A feature within the Airship platform that analyzes market data, seasonality, and competition to recommend optimal pricing strategies for maximizing revenue from short-term rental properties.
A dynamic pricing tool for short-term rentals that uses machine learning to optimize daily rates based on factors like demand, seasonality, and competitor pricing.
A dynamic pricing tool for short-term rentals that analyzes market data, seasonality, and demand fluctuations to automatically adjust rental rates for optimal revenue generation.