The process of projecting future financial performance by estimating revenues, costs, and expenses, enabling hosts to make informed business decisions.
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Glossary Term: Business Planning
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Ensuring the long-term profitability and viability of a short-term rental business by managing expenses, optimizing pricing, and adapting to market changes.
Forecasting expected rental income based on factors like historical data, seasonal trends, market demand, and pricing strategies.
A strategic management template used to develop and visualize business models. It helps short-term rental entrepreneurs outline key elements like value propositions, customer segments, revenue streams, and resources.