Booking Pace is a metric used in the vacation rental and hospitality industries to measure the rate at which reservations are made over a specific period. It helps property managers and owners understand how quickly their properties are being booked and predict future occupancy rates and revenue. Monitoring booking pace allows for better forecasting, pricing strategies, and marketing efforts.
Vacation Rental Glossary
Booking Pace
Vacation rental metrics or key performance indicators are critical measurable aspects of your business that you can lean on to understand and manage your business better. From occupancy rates to referrals your vacation rental is getting, it can be helpful to track these metrics. “You can’t improve what you don’t measure!”
If you understand the business metrics, you and/or the vacation rentals’ manager will be able to analyze the return on your investment and return on revenue more accurately to improve your operations.
