A report that compares a short-term rental property to similar properties in the same market to determine a competitive rental rate. Factors considered include location, size, amenities, and seasonality.
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Glossary Term: VRBO Pricing
18 posts
Utilizing the Pareto Principle to focus on optimizing pricing for the 20% of time periods that generate 80% of revenue in short-term rentals.
Tools that automatically adjust rental prices based on factors like demand, seasonality, and competitor pricing.
A feature in short-term rental platforms that allows hosts to set different prices for specific dates or seasons, optimizing their pricing strategy for higher occupancy and revenue.
Dynamic pricing strategies that use algorithms to adjust rental rates based on factors like demand, seasonality, and competitor pricing.
A dynamic pricing strategy for short-term rentals that uses algorithms and machine learning to analyze factors like demand, seasonality, and competitor pricing to automatically adjust daily rates for optimal revenue.