The fundamental economic principle that influences short-term rental pricing, where higher demand and limited supply lead to increased prices, and vice versa.
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Glossary Term: Market Dynamics
3 posts
(Metaphorical and literary reference) Just like the complex and interconnected systems in Pynchon’s novel, managing a successful STR property involves navigating various interconnected aspects like local regulations, market fluctuations, and guest expectations.
A situation where one party’s gain is directly offset by another’s loss, sometimes relevant in competitive short-term rental markets.