Minimum Stay
Summary
AI-generatedThis video explains how short-term rental hosts can leverage minimum stay restrictions as a revenue management tool. It demonstrates how to use PriceLabs' recommendation engine to adjust minimum stays, especially during market downturns, to avoid being too restrictive and deterring bookings.
Key insights
Seasonal variations in bookings may require different minimum stay strategies for specific periods, such as January and December, compared to the rest of the year.
Mistakes to avoid
Setting minimum stay restrictions that are too restrictive can work against a host by deterring potential bookings and leading to an unbooked calendar, especially in a soft market.
Tools & resources
PriceLabs Minimum Stay Recommendation Enginetool
PriceLabs provides a minimum stay recommendation engine to help hosts assess if their current restrictions are too aggressive for their market.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial