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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The practice of using data and analytics to optimize pricing and availability for short-term rentals to maximize revenue.
Utilizing marketing and advertising platforms tailored for short-term rentals, such as Airbnb, VRBO, niche vacation rental websites, and social media targeted at…
Measures taken by hosts or property managers to verify the identity and assess the suitability of potential guests before confirming bookings, often…
A detailed and accurate description of the rental property on listing platforms, highlighting key features, amenities, and the surrounding neighborhood.