Glossary Term: Revenue
The ability to tailor pre-built reports in QuickBooks to focus on specific financial data points relevant to short-term rental management, providing insights into revenue streams, expenses, and profitability.
A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, providing insights into the profitability of a short-term rental business.
The profit generated from a short-term rental property after deducting all operating expenses, including cleaning fees, property management fees, and platform commissions, from the rental income.
The rivalry among traditional lodging establishments like inns and short-term rentals in Old Lyme, Connecticut, for tourist bookings and revenue.
Research on the performance of short-term rentals in Oklahoma City, including occupancy rates, average daily rates, and revenue trends.
The significant increase in short-term rental bookings, prices, and revenue experienced in host cities during the Olympic Games.
The estimated number of active short-term rental listings and revenue generated in Olathe, Kansas, reflecting the scale of the local industry.
Measurable values that track the success and performance of a short-term rental business, such as occupancy rate, average daily rate, and guest satisfaction.
An estimate of the profit a host can expect to earn from their short-term rental property after deducting all expenses, including mortgage, utilities, taxes, and fees.
A hypothetical data visualization tool that provides short-term rental hosts with key performance indicators (KPIs) like occupancy rates, revenue generated, and guest demographics.
The profit earned from a short-term rental property after deducting all expenses, including cleaning fees, management fees, and platform fees.