A metric used to measure the percentage of recurring revenue retained from existing customers over a specific period, excluding new customer revenue. In the short-term rental industry, NDR helps hosts and property managers understand their ability to retain guests and generate repeat bookings.
You may also like
The awareness and respect for different cultural norms, values, and practices when hosting guests from diverse backgrounds in a short-term rental setting.
A designation on VRBO that recognizes hosts who consistently provide excellent guest experiences and meet performance standards.
The practice of equipping a rental property with amenities and supplies based on the specific requests and preferences frequently expressed by guests.
A specialized type of insurance that covers property damage caused by tsunamis, often required for coastal properties listed on short-term rental platforms.