The short-term rental (STR) industry is growing rapidly, and property managers and STR owners are seeking innovative ways to increase revenue and occupancy. One pertinent challenge is optimizing pricing strategies for last-minute bookings, which can boost profits while ensuring that vacation rentals remain [...]
Are you a vacation rental owner looking to optimize your revenue and attract more guests? One effective strategy is to set competitive weekend rates through dynamic pricing. Weekends are prime time for vacation rentals, as many travelers seek quick getaways or leisurely escapes [...]
In today's digital age, online reviews have become an essential aspect of the decision-making process for travelers seeking vacation rentals. Whether you're searching for a new restaurant to try, booking accommodations for your next vacation, or even looking for a reliable plumber, chances [...]
What are the Top OTAs to be listed on? Online travel agencies (OTAs) have revolutionized the way travelers book accommodations, making it easier than ever for vacation rental owners to reach potential guests. By listing your rental properties on various OTAs, [...]
What is an Online Travel Agency (OTA)? The internet has become a go-to resource for millions of travelers seeking accommodations, making it crucial for hosts and property managers to tap into online platforms. While direct bookings are important, the popularity of [...]
Transform Your Short Term Rental into a Modern Smart Home: Best Gadgets to Get Started In this fast-paced, technology-driven world, short-term rental (STR) hosts are constantly looking for ways to enhance their guests' experience and stand out from the competition. One [...]
The Impact of Minimum Stay Requirements on Your Short-Term Rental Revenue In the world of short-term rentals (STR), minimum stay requirements can have a significant impact on your short-term rental revenue. As a property owner, finding the right balance between profitability [...]
Discrete Choice Experiments (DCEs) Discrete choice experiments, or DCEs, are a sampling technique used to collect data and derive demand curves for various attributes of products. They are typically conducted in retail settings, but they can also be used in other industries [...]
What is a Special Event? There is a high season... There is a low season... Then, there are special events. Seasonality, the changes in demand by season, generally follow a trend that repeats each year. A special event is a public event such as a [...]
Dynamic Pricing vs. Pricing Setting a Price There are numerous ways that firms can decide to set prices for their goods and services. If a seller has perfect information about the marketplace, the decision is quite simple. They can calculate all the possible prices [...]
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