A performance metric used in the hospitality industry that calculates the average revenue generated per available room, considering both occupancy rate and average daily rate.
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The percentage of time a short-term rental property is booked over a specific period.
The ability to tailor pricing quotes based on factors like length of stay, seasonality, special events, or guest-specific requests.
Combining various pricing models, such as nightly rates, weekly discounts, and seasonal adjustments, to optimize revenue while remaining competitive within the market.
Any area within a property that can be rented out separately, such as a basement apartment, guest house, or even a converted…