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.
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Glossary Term: Short-Term Rentals
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A property management software designed for short-term rentals, offering features like channel management, booking automation, and guest communication tools.
A platform designed for short-term rental businesses to automate and personalize guest communication, including booking confirmations, check-in instructions, and promotional messages.
A feature within the Airship platform that analyzes market data, seasonality, and competition to recommend optimal pricing strategies for maximizing revenue from short-term rental properties.
Connecting the Airtable platform with other short-term rental management tools to streamline operations, such as syncing booking data, managing guest communication, and tracking expenses.
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.
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.