A tax imposed by local governments on overnight accommodations, including hotels and short-term rentals, to generate revenue for tourism-related expenses and infrastructure.
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A reservation made directly through a host’s website or personal channels, bypassing third-party platforms and their associated fees.
A system for monitoring rental income, expenses, and financial performance of the short-term rental business, often using spreadsheets or specialized software.
The analysis, redesign, and implementation of fundamental business processes within a short-term rental operation to achieve significant improvements in performance.
Collaborating with local businesses and service providers to enhance guest experiences and offer value-added services like tours, transportation, and dining.