A business model that combines a physical presence, such as a property management company, with an online presence, like listings on Airbnb and VRBO.
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A pricing strategy where short-term rental rates adjust automatically based on real-time factors like demand, seasonality, and competitor pricing.
A refundable fee collected from guests before their stay to cover potential damages to the property beyond normal wear and tear.
Implementing loyalty programs for repeat guests using QR codes for tracking stays, rewarding loyalty, and offering exclusive benefits.
A legal principle requiring both parties in a short-term rental agreement to act honestly and fairly, upholding the contract’s spirit and not…