A situation where the number of short-term rentals in a particular market exceeds guest demand, potentially leading to lower occupancy rates and price competition.
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Emerging patterns and shifts in traveler preferences, market dynamics, and industry practices impacting the short-term rental sector.
Combining various pricing models, such as nightly rates, weekly discounts, and seasonal adjustments, to optimize revenue while remaining competitive within the market.
Using professional photography that specifically appeals to the target market of a short-term rental property.
A term for a host who leverages their local knowledge and connections to provide guests with authentic experiences and personalized recommendations.