It is the total rent divided by the number of nights within a given time period. An indicator of the average price of a vacation rental, it is calculated by dividing the total revenue generated in a vacation rental by the number of nights the vacation rental was booked. It is essentially the booked rate, and does not include the prices for open nights.
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Vacation Rental Glossary
Learn more about the commonly used Vacation Rental Terms with PriceLabs.
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