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Great idea! At first sight, looks cool and useful for the host. However, the difference between the Low Medium and High revenue potential seems too big to me.
by vladojsem 7y ago
Great idea! At first sight, looks cool and useful for the host.
However, the difference between the Low Medium and High revenue potential seems too big to me. It looks more like guessing than the actual estimate. Moreover, I don't like abbreviations of any kind that I need to lookup. In this case ADR or COMPS.
How do you get occupancy rates?
- acrhost 7y agoThe high, medium, low is based on the bottom 25%, average, and too 25% occupancy and rates. So yes, the difference can be big. The idea is that with the personalized estimate and based on where your property falls in regards to amenities, you can get a more accurate estimate for your house by adjusting your rate and expected occupancy Occupancy rates are based on the historical averages for that market segment. So for example if you looked at a 2 bedroom property, its providing the occupancy rate for 2 bedroom homes within that specific market