Assessing the potential risks and rewards associated with various aspects of short-term rental management, such as pricing strategies, property investments, and guest screening.
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Glossary Term: Decision-Making
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Decisions and actions taken by a short-term rental property owner regarding their property, pricing, guest selection, and overall management, typically within the bounds of platform policies and local regulations.
The process of collecting and analyzing data related to short-term rental performance, such as occupancy rates, pricing trends, and guest reviews, to inform business decisions.
The stage in the guest journey when potential guests research and form opinions about a short-term rental before booking.
A group of individuals elected by a company’s shareholders or members to oversee the management and governance of the company, including short-term rental operations.