A refundable amount collected from guests before their stay to cover potential damages to the property or its contents. The terms and conditions surrounding security deposits vary by platform and local regulations.
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The practice of analyzing data and adjusting pricing strategies to maximize revenue and occupancy rates for short-term rentals.
Employment opportunities within the short-term rental industry, including roles such as property managers, cleaners, maintenance personnel, and virtual assistants.
Specialized insurance policies designed to protect short-term rental property owners and managers from liability and property damage.
The reciprocal sharing of knowledge, experiences, and traditions between hosts and guests from different cultural backgrounds, often facilitated through short-term rental interactions.