A key performance indicator (KPI) in the hospitality industry that measures the revenue generated per available rental unit, calculated as average daily rate multiplied by occupancy rate.
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A booking option offered to guests at a discounted price, typically requiring full payment upfront and non-refundable in case of cancellation.
A tax applied to commercial properties, which may include short-term rentals in certain jurisdictions. Hosts should be aware of their local tax…
The attractiveness of a property’s exterior, which can influence guest booking decisions from online photos and in-person arrival.
Creating a low-maintenance outdoor space using drought-tolerant plants, gravel, or artificial turf, minimizing upkeep costs and ensuring a presentable exterior.