A realistic occupancy rate that a short-term rental property can achieve in a specific market, considering factors like seasonality, competition, and property type.
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When a new guest checks in immediately after the previous guest checks out, resulting in no vacancy between reservations.
Reservations made for multiple guests, often requiring specific accommodations or amenities to cater to larger parties.
The percentage of time a short-term rental property is occupied by paying guests over a specific period.
The strategic approach to maximizing rental income by adjusting pricing based on factors like seasonality, demand, competition, and special events.