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.
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 that combines elements of both dynamic pricing and fixed pricing, allowing hosts to adjust rates based on demand while maintaining some level of consistency.
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.