A pricing strategy where the total cost for a short-term rental stay is split into a base rate and additional fees, such as cleaning fees or extra guest charges.
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Glossary Term: Revenue Management
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A measure of revenue generation efficiency for short-term rentals during the third quarter, calculated as the revenue per available room night.
Data and insights derived from booking platforms and property management software, used to optimize pricing, occupancy, and marketing efforts.
A pricing strategy where rental rates fluctuate based on real-time market demand, seasonality, special events, and competitor pricing. Algorithms analyze data to optimize pricing for maximum revenue.
The practice of maintaining consistent pricing for vacation rentals across all online travel booking channels (OTAs) like Airbnb, VRBO, and Booking.com.
Techniques used to optimize pricing and availability to maximize revenue for short-term rentals, such as dynamic pricing, seasonal pricing, and minimum stay requirements.
A centralized platform that provides key performance indicators (KPIs) and insights into rental performance, including occupancy rates, revenue generated, and guest reviews from platforms like Airbnb and VRBO.
A pricing strategy that adjusts rental rates in real-time based on factors like demand, seasonality, and competitor pricing to optimize revenue.
Strategic approach to maximizing rental income through dynamic pricing, occupancy optimization, and revenue forecasting specific to short-term rentals on platforms like Airbnb and VRBO.
Implementing dynamic pricing strategies, analyzing market data, and optimizing occupancy to maximize rental income.
Implementing dynamic pricing strategies based on factors like seasonality, demand, and competition to maximize rental income and occupancy rates.
Combining various pricing models, such as nightly rates, weekly discounts, and seasonal adjustments, to optimize revenue while remaining competitive within the market.