Stands for “Short-Term Vacation Software Integration,” denoting the seamless connection between different software systems used in short-term rental management, such as property management software, channel managers, and dynamic pricing tools.
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A metric used to measure the percentage of recurring revenue retained from existing customers over a specific period, excluding new customer revenue….
The process of handling bookings, coordinating check-ins and check-outs, managing guest communication, and resolving any scheduling conflicts.
A common bed size offered in short-term rentals, typically measuring 60 inches wide by 80 inches long, suitable for two adults.
Automated systems that adjust rental prices based on factors like demand, seasonality, and competitor pricing to maximize revenue.