A reduced rate offered to guests who book a vacation rental for a full week, typically seven consecutive nights.
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Glossary Term: Value
9 posts
A pricing strategy where hosts lower their nightly rates during periods of lower demand, typically outside of peak seasons or holidays, to attract bookings and maintain occupancy.
The price charged to guests for each night of their stay at the rental property, often fluctuating based on demand, seasonality, and competition.
The phenomenon where a platform or service becomes more valuable as more users join and contribute to it, such as the increasing number of listings and guests on Airbnb and VRBO.
Modern travelers are tech-savvy, seeking personalized experiences, seamless communication, and value for their money.
A short-term rental that provides an excellent balance of price and quality, offering guests a comfortable and enjoyable stay at a competitive price point.
Setting fair and transparent pricing for short-term rentals, considering factors like seasonality, demand, competitor rates, and value provided to guests. Ethical pricing fosters trust with guests and contributes to a sustainable rental market.
The process of determining the economic value of a business, often used when selling or merging a short-term rental business.
Techniques used by hosts to make their short-term rentals more accessible to budget-conscious travelers. This can include offering discounts, flexible payment options, or highlighting value-added amenities.