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Vacation Rental Glossary

Demand Forecasting

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.

Demand Forecasting predicts future rental demand by analyzing market trends and historical data. Example: Analyzing holiday data to forecast peak season demand next year.

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