A situation in a specific location where the number of available short-term rentals significantly exceeds guest demand, potentially leading to lower occupancy rates and price competition.
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Ongoing expenses incurred in the operation of a business, regardless of the level of sales or production. For short-term rentals, this includes…
The different stages a business process goes through within a short-term rental operation, from design and implementation to monitoring, evaluation, and improvement.
The selection and arrangement of furniture, decor, and accessories to create a welcoming and aesthetically pleasing atmosphere in a short-term rental property.
Established benchmarks and guidelines for service, cleanliness, and overall quality in the hospitality industry, often applied to short-term rentals.