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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An outdoor space, such as a patio, balcony, or garden, furnished for dining, allowing guests to enjoy meals in the fresh air.
Allowable expenses that can be deducted from rental income to reduce tax liability for short-term rental owners.
The practice of maintaining consistent rental rates across different booking platforms to avoid channel conflict.
The total income generated from short-term rental bookings during the third quarter of the year, before deducting any expenses.