Your city's Occupancy Forecast & Average Daily Rate

An Occupancy Forecast is a predictive analysis tool used in the short-term rental industry to estimate the expected occupancy levels of rental properties over a specific period.

This forecast leverages historical booking data, seasonal trends, and market demand insights to help property managers optimize pricing strategies and maximize revenue.

By accurately predicting occupancy, property managers can adjust rates dynamically, plan promotions, and allocate resources more efficiently.

Utilizing an occupancy forecast is crucial for enhancing **revenue management**, reducing vacancy rates, and staying competitive in the ever-evolving rental market.

Average Daily Rate (ADR) is a key performance metric in the hospitality and short-term rental industry that measures the average revenue earned per rented room or unit in a given period. Calculated by dividing the total rental income by the number of booked nights, ADR provides valuable insights into the pricing effectiveness and profitability of a property.

Understanding and optimizing ADR is crucial for property managers aiming to maximize revenue, as it directly influences overall financial performance.

By analyzing trends in ADR, managers can refine their pricing strategies, adjust for seasonal demand, and ensure competitive positioning in the market.