The practice of adjusting pricing and availability strategies for short-term rentals to maximize revenue. It involves analyzing market trends, seasonality, competitor activity, and other factors to optimize occupancy and average daily rates.
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The rate at which potential guests initiate the booking process on a short-term rental platform but do not complete the reservation.
Employing strategies tailored to short-term rentals, such as dynamic pricing, minimum stay requirements, and seasonal adjustments to maximize rental income.
The absolute maximum number of guests allowed to sleep in a short-term rental property, often dictated by local regulations or safety codes.