Strategies and tools used to optimize occupancy rates and revenue based on factors like seasonality, demand, and pricing.
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Glossary Term: Seasonality
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The amount of time between when a guest makes a reservation and the actual check-in date. Understanding booking lead time helps hosts forecast demand and adjust pricing strategies.
Refers to the specific tourism industry in Alaska, particularly relevant for short-term rental hosts in the state due to its seasonality and focus on outdoor experiences.
A metric used to track the average number of nights guests stay in a short-term rental, providing insights into booking patterns and revenue potential.