A key performance indicator (KPI) in the hospitality industry that measures the revenue generated per available rental unit, calculated as average daily rate multiplied by occupancy rate.
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A pricing strategy that adjusts rental rates based on factors like demand, seasonality, and competitor pricing.
The process of vetting potential guests to minimize risks associated with property damage, noise complaints, or other undesirable behaviors.
The process of vetting potential guests to minimize the risk of problematic stays, often involving ID verification, background checks, and reviews from…
The process of gathering insights into the preferences, motivations, and behaviors of target guests to tailor marketing efforts and enhance the overall…