A pricing strategy where hosts lower their nightly rates during periods of lower demand, typically outside of peak seasons or holidays, to attract bookings and maintain occupancy.
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The highest amount of security deposit that a host can legally charge guests for potential damages to their short-term rental property.
The organic promotion of a short-term rental business through positive guest reviews, recommendations, and referrals, leveraging guest satisfaction to drive future bookings.
A legally binding contract between a landlord and a tenant outlining the terms and conditions of renting an apartment, which may include…
An increase in the percentage of booked nights over a specific period, indicating growing demand and potentially allowing for higher rental rates.