A cancellation policy that allows guests to cancel their reservation and receive a full or partial refund up to a certain point before their scheduled arrival date.
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Monitoring and analyzing key performance indicators (KPIs) related to short-term rental performance, such as occupancy rate, average daily rate, and guest satisfaction…
A collaborative agreement between short-term rental businesses to promote each other’s services or products.
The consistent tracking of rental rates across multiple booking platforms (e.g., Airbnb, VRBO) on a weekly basis to ensure pricing consistency and…
The practice of adjusting pricing and availability to maximize revenue based on factors like demand, seasonality, and competition.