A reservation system where guests can book any available dates without requiring host approval, often seen on platforms like Airbnb and VRBO.
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A metric used to measure the percentage of recurring revenue retained from existing customers over a specific period, excluding new customer revenue….
A pricing strategy used during periods of lower demand for short-term rentals, often involving discounted rates to attract bookings.
Monitoring, responding to, and leveraging guest reviews to improve the rental experience and attract future bookings.
The strategy of managing and synchronizing listings across multiple platforms like Airbnb, VRBO, Booking.com, and direct bookings to maximize exposure and bookings.