Unexpected events or situations that can disrupt short-term rental operations, such as natural disasters, pandemics, or personal emergencies, requiring flexibility and contingency planning.
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Glossary Term: Force Majeure
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Policies or plans in place to address potential disruptions caused by weather events, such as hurricanes or snowstorms.
Risks associated with political instability, terrorism, or other events that can impact travel and tourism. Short-term rental hosts and property managers should be aware of geopolitical risks in their area and have contingency plans in place.