Insight
Separate occupancy and rate gaps: Occupancy gaps are about demand creation, and rate gaps about yield.

This iGMS article emphasizes using business intelligence to pinpoint occupancy and rate issues in your short-term rentals, crucial for profit in peak seasons. It outlines a framework to diagnose problems related to lead time, length of stay, channel mix, and pricing parity. Actionable insights include building baselines using data from the past 12-24 months and running 2-4 week experiments with clear success metrics. These steps help hosts move from reactive management to data-driven decision-making.
Separate occupancy and rate gaps: Occupancy gaps are about demand creation, and rate gaps about yield.