The prevailing rental rate for similar properties in the same market area, used as a benchmark for setting competitive pricing.
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The process of collecting and analyzing data related to occupancy rates, guest reviews, and market trends to optimize rental performance.
The proximity of a short-term rental property to local points of interest, influencing its desirability.
Strategies and techniques aimed at maximizing occupancy rates for short-term rentals, leveraging data analysis, marketing, and revenue management principles.
Examining the average time between booking confirmation and the actual guest arrival date on a weekly basis, helping hosts anticipate demand patterns…