Adjusting rental rates strategically during periods of lower demand, such as the off-season or weekdays, to attract more bookings and maximize occupancy.
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Glossary Term: Seasonal Pricing
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Adjusting rental rates based on fluctuations in demand throughout the year, typically charging higher prices during peak seasons and lower prices during the off-season.
A pricing strategy that combines elements of both dynamic pricing and fixed pricing, allowing hosts to adjust rates based on demand while maintaining some level of consistency.
Periods of peak travel demand in a particular destination, often characterized by increased booking volume, higher occupancy rates, and potentially higher rental rates.
A pricing strategy where hosts offer lower rental rates during periods of low demand or the off-season to attract bookings and maintain some occupancy even when travel is slower.
A dynamic pricing strategy that adjusts rates based on the frequency of bookings within a specific time period, often used to maximize occupancy during low-demand seasons.
Implementing strategies to maximize the number of booked nights for your rental property, such as dynamic pricing and promotional offers.
A dynamic pricing strategy for short-term rentals that adjusts rates based on various factors including seasonality, demand, and competitor pricing, often incorporating cyclical patterns and trends.
A dynamic pricing strategy that adjusts rental rates based on fluctuations in demand, such as holidays, weekends, or local events.
A pricing strategy that adjusts rental rates based on predictable fluctuations in demand, such as holidays, weekends, and special events.
A feature in short-term rental platforms that allows hosts to set different prices for specific dates or seasons, optimizing their pricing strategy for higher occupancy and revenue.
Periods of peak and off-peak travel demand, influencing pricing strategies and occupancy rates throughout the year.