Exploring and implementing diverse income-generating opportunities beyond nightly rates, such as offering experiences, early check-in/late check-out options, or partnering with local businesses.
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Glossary Term: Ancillary Revenue
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The strategy of generating income from multiple sources within a short-term rental business, such as offering additional services like cleaning, tours, or experiences.
Expanding income sources beyond nightly rental rates by offering additional services or amenities to short-term rental guests, such as airport transfers, grocery delivery, or local experiences.
The successful implementation of strategies to maximize income from a short-term rental, including pricing optimization, occupancy management, and exploring additional revenue streams like offering experiences or services.
A feature on Facebook allowing businesses to showcase and sell products directly through their Page, potentially used by short-term rental hosts to offer additional services or local products to guests.