The charges imposed by online travel agencies (OTAs) like Airbnb and VRBO for listing properties, processing bookings, and providing other services.
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A pricing strategy where the price of a short-term rental approaches a certain level as the booking date gets closer. This strategy…
The recognition that building relationships with both guests and the local community is essential for long-term success in short-term rental management.
The net amount of cash generated by a short-term rental property after deducting all operating expenses, including mortgage payments, utilities, and management…
A booking type where guests are not entitled to a refund if they cancel, often offered at a discounted rate.