Short-term rental glossary

Achieved price: What the guest actually paid per night after discounts and promotions. It is not public; asking prices of booked nights are the closest available signal.
ADR (average daily rate): Average price per booked night. JokerPrice computes it from the asking price of nights inferred as booked, before cleaning and service fees, discounts and VAT.
Asking price: The nightly price a listing advertises. It is what JokerPrice can observe publicly.
Base rate: The anchor price for a property before weekday, seasonal, demand and lead-time adjustments.
Blocked night: A night the owner closed rather than sold, inferred from long or far-ahead closures. Blocked nights are excluded from occupancy.
Booked night: A future night that was open at one calendar check and closed at the next, and is not treated as an owner block.
Booking pace: How quickly future nights are filling compared with a target or with past years at the same lead time.
Collecting state: Shown until a destination has at least 7 days of tracking and 100 observed listing-nights. Occupancy, ADR and revenue are hidden until then.
Comp set: The specific group of comparables chosen for a property, defined in JokerPrice by radius, property type, bedrooms and optional district or floor area.
Comps (comparables): Nearby listings similar to yours in type, size and location, used to benchmark prices and performance.
Far-out premium: A price increase for dates far in the future, to avoid selling peak nights too cheaply too early.
Gap night: A short run of open nights between two bookings, often hard to sell without a discount or a shorter minimum stay.
Last-minute discount: A price reduction applied as an unbooked date approaches.
Lead time: How many days before the stay a night was booked. Short lead times suggest last-minute demand; long lead times suggest planners and holiday travel.
Listing-night: One listing on one night. 100 listings observed for 30 nights is 3,000 listing-nights.
LOS (length of stay): The number of nights in one booking. Minimum-stay rules set the shortest LOS a host accepts; longer stays usually reduce turnover costs.
Median: The middle value when prices are sorted. It is less affected by a few very expensive or very cheap listings than the average.
Minimum and maximum price: Hard limits that no automatic pricing adjustment can cross.
Minimum stay: The fewest nights a guest must book. One-night searches can miss listings with a longer minimum stay.
Occupancy: Booked nights divided by nights that were available to book and observed. Owner blocks and nights whose status is unknown are left out of both sides.
On the books: The share of future nights already booked. A higher figure than usual for the same lead time signals strong demand.
Percentile positioning: Where a property prices itself among comparables. The 50th percentile is the market median; the 75th sits above three quarters of comps.
Revenue per listing per month: ADR × occupancy × 30. A rough gross monthly figure for a typical tracked listing, before costs.
RevPAR (revenue per available night): ADR multiplied by occupancy. It combines price and demand into one figure, so two listings with different strategies can be compared fairly.
Seasonality: Predictable changes in demand over the year, driven by weather, school holidays, the Hijri calendar and events.
Supply pressure: A comparison of how many comparable listings are still open for a date with how many are usually open. Falling supply indicates rising demand.
Tracked listing: A listing whose public calendar JokerPrice checks daily to infer bookings.
Unknown night: A night that was already closed the first time a listing's calendar was checked. Its status cannot be known, so it is excluded.
Weekday pattern: The typical ratio of each weekday's market price to the overall level, used to shape rates when a specific night has thin data.

Glossary

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