Specific rules and ordinances implemented by local governments to regulate short-term rentals listed on platforms like Airbnb, often addressing issues like registration requirements, occupancy limits, and noise restrictions.
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Glossary Term: Short-Term Rentals
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A dynamic pricing tool for short-term rentals that uses machine learning to optimize daily rates based on factors like demand, seasonality, and competitor pricing.
A property management platform designed for short-term rentals, offering features like channel management, guest communication, and automation tools.
A business model where a third-party company manages short-term rental properties on behalf of the owner, handling tasks like listing creation, guest communication, and pricing optimization.
A property management software designed for short-term rentals, offering features like channel management, booking automation, and guest communication tools.
A comprehensive and intensive marketing effort aimed at rapidly increasing bookings and brand awareness for short-term rental properties, often employing a multi-channel approach.
The process of addressing and resolving conflicts or disagreements that may arise between hosts and guests, or between property managers and owners, related to short-term rental agreements.
Key performance indicators (KPIs) used to evaluate the effectiveness and profitability of short-term rental agreements, such as occupancy rate, average daily rate (ADR), and net income.
Collaborations between short-term rental hosts and local agritourism businesses, such as farms, wineries, and ranches, to offer guests unique experiences and promote rural tourism.
Strategies and techniques employed by property management agencies to optimize rental income for their clients’ short-term rental properties, including dynamic pricing, yield management, and revenue forecasting.