A performance metric used in the hospitality industry that calculates the average revenue generated per available room, considering both occupancy rate and average daily rate.
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A badge displayed on a host’s profile on platforms like Airbnb, signifying consistent high performance and exceptional guest satisfaction, serving as a…
The process of lowering rental prices during the off-season to stimulate demand and maintain a steady stream of bookings.
A digital or physical resource providing guests with all necessary information about the property and their stay, including check-in/out instructions, house rules,…
The strategy of setting competitive rental rates based on factors like seasonality, demand, and competitor analysis.