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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The process of adjusting nightly rental rates based on factors such as demand, seasonality, events, and competitor pricing to maximize occupancy and…
Websites created by short-term rental owners or managers to allow guests to book directly, bypassing third-party platforms and their associated fees.
Regularly updating the rental property with new amenities, features, or design elements to stay competitive and appeal to a wider range of…
A record of all interactions and correspondence between a host and their guests, typically maintained within a property management software or platform.