The percentage of booked nights in a short-term rental property during a specific quarter (every three months), calculated by dividing booked nights by total available nights.
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A reservation made directly with the host or property manager, bypassing third-party platforms like Airbnb or Vrbo.
A collaborative approach where short-term rental hosts establish mutually beneficial relationships with local businesses to enhance guest experiences and generate referrals.
Adhering to all applicable laws, regulations, and platform policies related to short-term rental operations, including taxes, permits, and safety standards.
Software or platforms that automate guest communication, such as sending check-in instructions, answering frequently asked questions, and providing local recommendations.