Highlights the significance of clear, timely, and effective communication with guests throughout their stay, from pre-booking inquiries to post-stay follow-ups.
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The mathematical formula used to determine the dwell ratio, dividing the average property purchase price by the average annual rental income.
The process of identifying and interpreting patterns and changes in vacation rental data, such as booking trends, pricing fluctuations, and guest preferences.
Promptly requesting and responding to guest feedback after their stay to improve the rental experience and address any concerns.
The strategic application of data analysis and pricing strategies to maximize revenue and profitability from short-term rental properties.