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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The total income generated from short-term rental bookings during a three-month period, typically used to track financial performance and seasonal trends.
An essential appliance in a short-term rental that provides hot water for showers, baths, and kitchen use, ensuring guest comfort and convenience.
A reservation made directly through a host’s website or personal booking platform, bypassing third-party listing sites like Airbnb or VRBO.
Systems like air conditioning, heating, and ventilation that regulate indoor temperature and airflow, ensuring a comfortable stay for guests regardless of the…