A dynamic pricing model for short-term rentals that leverages real-time property performance data to adjust rates for optimal occupancy and revenue.
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Glossary Term: Short-Term Rental Pricing
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Adjusting pricing dynamically based on factors like demand, seasonality, events, and competitor rates to maximize occupancy and profit.
The standard nightly or weekly rate advertised for a short-term rental property, excluding any discounts, promotions, or seasonal adjustments.
The subjective assessment by potential guests of whether the price of a short-term rental aligns with the perceived benefits and amenities offered, influencing booking decisions.
Methods and techniques used to determine the optimal rental rates for a short-term rental property, considering factors like demand, seasonality, and competition.