Part 2/8:

Declining Rentals in Month Two

Moving into the second month, the trends worsened significantly. From eight rentals in the previous month, the host only secured four rentals this time around, resulting in the car being idle for 16 out of 30 days. The strategy then shifted from lowering prices to maintaining higher rates, which the data suggested was a less appealing approach for potential renters. After a lengthy stretch without rentals, they resorted to reducing prices again, resulting in occasional but insufficient bookings.