Strategies and techniques used to maximize revenue from short-term rental properties, such as dynamic pricing and yield management.
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Glossary Term: Short-Term Rental Strategy
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A strategy where an individual rents a property long-term and then sublets it on platforms like Airbnb or VRBO for a higher nightly or weekly rate, profiting from the difference.
A business model where individuals rent properties on long-term leases and then sublet them on short-term rental platforms like Airbnb and VRBO for a profit.
Employing strategies tailored to short-term rentals, such as dynamic pricing, minimum stay requirements, and seasonal adjustments to maximize rental income.
Diversifying income beyond nightly rentals, like offering experiences, early check-in/late check-out, or local partnerships.
Identifying and targeting specific guest demographics, such as families, business travelers, or digital nomads, through tailored marketing and property amenities.