A digital representation of a person, often used by hosts on platforms like Airbnb to personalize their profile and create a more welcoming presence for potential guests.
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The average amount of revenue generated per booking, calculated by dividing the total revenue by the number of bookings.
A booking feature on platforms like Airbnb that allows guests to reserve a property immediately without requiring host approval. This can increase…
The fundamental economic principle that influences short-term rental pricing, where higher demand and limited supply lead to increased prices, and vice versa.
Third-party providers that verify the identity and background of potential guests to mitigate risks associated with fraudulent bookings or inappropriate behavior.