Adjusting rental rates in real-time based on factors like demand, seasonality, events, and competitor pricing to optimize revenue and occupancy.
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Glossary Term: Seasonality
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Adjusting rental rates based on fluctuations in demand throughout the year, such as higher prices during peak seasons and lower prices in the off-season.
Evaluating the performance of short-term rentals based on their location’s zip code. This can include analyzing factors like average daily rate, occupancy rate, and seasonality trends.
A dynamic pricing model where rental rates are adjusted regularly based on factors like demand, seasonality, and competitor pricing.
A dynamic pricing strategy where the minimum length of stay requirement changes based on factors like seasonality, demand, or day of the week.
The fluctuation of rental income throughout the year due to factors like holidays, local events, and travel seasons.
The fluctuation in income that short-term rental hosts may experience due to factors like seasonality, demand, and competition.
A decrease in the number of guests seeking short-term rentals in a particular market, often influenced by seasonal changes, economic factors, or external events.
A comprehensive plan for setting rental rates based on factors like demand, seasonality, competition, and property amenities to maximize occupancy and revenue.
Data reflecting the percentage of time a short-term rental property was booked over a specific period in the past, used to analyze seasonal trends, pricing strategies, and overall property performance.
The recurring and predictable fluctuations in demand for short-term rentals, often influenced by factors like seasons, holidays, and events.