Key performance indicators (KPIs) used to measure the effectiveness of yield management strategies for short-term rentals. These metrics include occupancy rate, average daily rate (ADR), revenue per available rental (RevPAR), and length of stay.
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A digital or physical resource provided to guests with information about the property, local recommendations, house rules, and emergency contacts, enhancing their…
A reservation made directly with the host or property manager, bypassing third-party platforms like Airbnb or VRBO. This can save on commission…
A dynamic pricing strategy that adjusts rental rates based on factors such as demand, seasonality, competition, and guest behavior.
A property that contains multiple individual rental units, such as an apartment complex, condo building, or several standalone cottages on a single…