An acronym for “Short-Term Vacation Trend Analysis,” it involves examining historical booking data, market trends, and seasonal fluctuations to identify patterns and make informed decisions regarding pricing, occupancy optimization, and marketing strategies.
Glossary Term: Trend Analysis
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A statistical graph that represents cumulative frequency data. In the context of short-term rentals, an ogive could be used to analyze trends like booking lead times, occupancy rates over time, or the distribution of guest reviews.
A comparison of a specific metric (e.g., revenue, bookings) between the current year and the previous year, used to track performance trends.