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Glossary Term: Revenue
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The use of software or integrated platforms to automatically track income and expenses associated with short-term rentals, simplifying financial management.
The average amount of revenue generated per booking, calculated by dividing the total revenue by the number of bookings.
The total revenue generated by a short-term rental property in a year, before deducting any expenses.
The total income generated by a short-term rental property from guest bookings within a year, excluding any expenses or fees.
A calculation of profitability that factors in all revenue and expenses associated with a short-term rental property, including mortgage payments, utilities, cleaning fees, and platform fees, providing a more accurate picture of the investment’s financial performance.