The projected percentage of time a short-term rental property is expected to be occupied over a year, taking into account seasonal fluctuations and historical data.
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Glossary Term: Short-Term Rental
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A long-term guest who books a short-term rental for an extended period, providing consistent income and occupancy during slower seasons.
Proactively anticipating and fulfilling guest needs before they arise, going beyond expectations to create a memorable experience.
A broad term encompassing various types of lodging options beyond traditional hotels, including short-term rentals, vacation rentals, and serviced apartments.
The total income generated by a short-term rental property from guest bookings within a year, excluding any expenses or fees.
A legal contract where a property owner appoints a property manager or management company to act as their agent in managing and renting out their short-term rental property.
The specified length of time for which a short-term rental agreement is valid, typically ranging from a few days to several months.