The strategic implementation of pricing and booking strategies to maximize revenue from short-term rentals by analyzing factors like demand, seasonality, and competition.
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Software designed to manage guest accounts, track expenses, and generate financial reports specifically for short-term rental properties.
A realistic RevPAR that a short-term rental can achieve based on its attainable occupancy rate and attainable average daily rate (ADR).
The act of making a property safe for children by securing furniture, covering outlets, and removing potential hazards.
The difference between actual third-quarter performance metrics (e.g., revenue, occupancy) and the projected or budgeted figures, highlighting deviations from expectations.