The process of adjusting nightly rental rates based on factors such as demand, seasonality, events, and competitor pricing to maximize occupancy and revenue.
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A significant upgrade or renovation to a property that increases its value, lifespan, or functionality.
Setting lower rental rates during periods of lower demand, such as weekdays or the off-season, to attract more bookings.
The terms and conditions that outline the penalties or refunds associated with guest cancellations, protecting both hosts and guests.
A voucher or gift certificate that can be redeemed for local experiences, tours, or activities, offered as an added perk for guests.