A performance metric used in the hospitality industry that calculates the average revenue generated per available room, considering both occupancy rate and average daily rate.
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IHG’s enhanced cleaning protocol introduced during the pandemic, relevant to short-term rental hosts as a benchmark for high standards of cleanliness and…
The legal and financial framework under which a short-term rental property is owned, such as sole proprietorship, partnership, or LLC.
The practice of actively encouraging guests to leave reviews after their stay, often through personalized messages or automated reminders.
The Polish name for the historical Polish-Lithuanian Commonwealth, emphasizing the importance of collaboration and partnerships in the short-term rental industry, such as…