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.
Identifying and targeting specific guest demographics, such as families, business travelers, or digital nomads, through tailored marketing and property amenities.
Diversifying income beyond nightly rentals, like offering experiences, early check-in/late check-out, or local partnerships.