A report on comparable homes in the area that is used to derive an accurate value for the home in question.
A group of rental properties that can be seen as direct competitors to your property because they are similar in style and price, and attract the same demographic. Owners often compare performance against their compset, in order to find ways to make their own offering more competitive.
The number of travelers viewing a property online or making an inquiry who decides to actually book it.
When a guest books directly via the property owner or manager’s website, rather than through a third-party distribution channel.
Any services which help vacation rental managers improve their online property distribution. For example, assistance with increasing revenue, adjusting nightly rates, managing payments and accounting, or listing the property on additional channels.
A price increase on certain channels, typically to guarantee revenue profit on third-party sites which charge commissions.
One single calendar that contains bookings made on every booking channel the host utilizes to distribute listings.
When businesses take actions that reflect the business’s brand and messaging.
Tasks and actions involved in running a vacation rental and property management business.
Price per guest
Pricing strategy where rates differ depending on the number of guests staying.
A system of offering different rental rates for different rental seasons.
A precautionary action taken by property owners wishing to escape loss and fraud.
Increased lodging costs during popular times to travel. Rates are typically higher because the particular destination is desirable. Often, this is because of the climate, attractions, or events that are happening in the area.
Final price displayed to the guest, including all fees.