A growth strategy in short-term rental management that involves acquiring or managing more properties within the same market or niche.
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Glossary Term: Market Expansion
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A business expansion strategy for short-term rental management companies that focuses on organic growth through reinvesting profits, acquiring new properties, and expanding into new markets.
The rapid and significant increase in the popularity and availability of short-term rentals, driven by factors such as the rise of the sharing economy and the increasing demand for alternative accommodation options.