A key metric for short-term rental businesses, representing the predictable income generated from recurring subscriptions or services, such as property management fees.
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Glossary Term: Revenue
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The percentage of time a short-term rental property is booked over a specific period. A high occupancy rate indicates strong demand and revenue potential.
The process of determining the profitability of a short-term rental by subtracting expenses from revenue, expressed as a percentage.
Strategies and practices employed by hosts to maximize the availability of their listings for bookings, minimizing vacancy periods and maximizing rental income.
The revenue generated from short-term rental bookings, calculated by subtracting expenses like cleaning fees, platform fees, and taxes.
The total value of bookings processed through a platform or service before deducting fees, commissions, or expenses.
A property listing that lacks unique selling points and fails to stand out from the competition. Generic listings often result in lower booking rates and reduced revenue for hosts.
The strategic approach to maximizing rental income through pricing optimization, occupancy management, and other revenue-generating tactics.
The percentage of time a rental property is booked over a specific period, indicating its popularity and revenue potential.
The process of estimating future revenue and expenses for a short-term rental property, based on factors such as historical data, seasonality, and market trends.
The estimated revenue a short-term rental property can generate, considering factors like location, property size, amenities, and seasonality.