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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Connecting yield management tools with other software used to manage short-term rentals, such as property management systems (PMS) and channel managers. This…
The terms and conditions that outline the refund policy for guests who need to cancel their booking, ranging from flexible to strict.
A documented plan outlining procedures and responsibilities in case of emergencies or unforeseen situations affecting the property or guests.
Marketing efforts focused on reaching specific groups of potential guests based on demographics, interests, travel behaviors, or other factors, to increase booking…