The prevailing rental rate for similar properties in the same market area, used as a benchmark for setting competitive pricing.
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Implementing sustainable and environmentally responsible methods in short-term rental operations, such as using eco-friendly cleaning products and reducing energy consumption.
A digital service or platform that assists guests with booking activities, transportation, and other experiences during their stay.
Steps taken by booking platforms like Airbnb and VRBO to confirm the identity of guests through government-issued ID, profile verification, and background…
Analyzing local competition, seasonal trends, and guest preferences to inform pricing strategies and property improvements.