Using historical booking data, current market trends, and seasonal factors to project potential rental income on a weekly basis, aiding in financial planning and investment decisions.
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Glossary Term: Financial Projections
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Predicting future rental income based on historical data, market trends, and other relevant factors to inform pricing and business decisions.
A formal written document that outlines the goals of a business and how it plans to achieve them. A comprehensive business plan for short-term rentals includes market analysis, financial projections, marketing strategies, and operational plans.