A specific nightly rate set for a specific period, event, or guest. It allows hosts to adjust pricing based on demand fluctuations and special circumstances.
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Utilizing the Pareto Principle to focus on optimizing pricing for the 20% of time periods that generate 80% of revenue in short-term…
The collective understanding and expertise within a short-term rental company regarding its operational processes, best practices, and industry standards.
Leveraging data from IoT devices and external sources to optimize pricing strategies, adjust rates based on demand and occupancy, and maximize rental…
(Derived term) Setting unrealistic expectations in STR, such as expecting full occupancy year-round, can lead to disappointment and frustration. It’s crucial to…