Implementing techniques and tactics to increase revenue per available rental night, including dynamic pricing, minimum stay requirements, and upselling.
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Glossary Term: Upselling
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Strategies used to encourage guests to book additional services or amenities, such as early check-in, late check-out, or local experiences, to increase revenue.
The practice of offering additional services or amenities to guests during their stay at a short-term rental, such as early check-in, late check-out, grocery delivery, or local experiences, in order to increase revenue.
Additional services offered to guests beyond the basic accommodation, enhancing their experience and potentially generating extra revenue. Examples include airport transfers, grocery delivery, or local experience bookings.
Exploring and implementing diverse income-generating opportunities beyond nightly rates, such as offering experiences, early check-in/late check-out options, or partnering with local businesses.
Additional services offered to guests for an extra fee, such as airport transfers, grocery delivery, or local experiences.
The strategy of generating income from multiple sources within a short-term rental business, such as offering additional services like cleaning, tours, or experiences.
Additional services offered to guests for an extra fee, such as grocery delivery, in-room dining, or laundry services.
Identifying opportunities to upsell additional services or amenities based on guest requests and preferences during their stay.
Exploring and implementing additional income streams beyond nightly rentals, such as offering experiences, early check-in/late check-out options, or partnering with local businesses.
The successful implementation of strategies to maximize income from a short-term rental, including pricing optimization, occupancy management, and exploring additional revenue streams like offering experiences or services.
Bundling your short-term rental with other services or experiences, like airport transfers, tours, or meals, to create a more attractive offer for guests.