In the context of short-term rental management, breakage refers to revenue lost due to cancellations, guest no-shows, or other unforeseen circumstances.
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The average amount of revenue generated per booking, calculated by dividing the total revenue by the number of bookings.
The use of QR codes to facilitate a contactless and efficient check-in process for guests.
Refers to the ease with which guests driving station wagons, often families, can access the property, including parking and unloading areas.
A pricing strategy that adjusts rental rates based on predictable fluctuations in demand, such as holidays, weekends, and special events.