A pricing strategy used to maximize revenue by adjusting rental rates based on factors such as demand, seasonality, and competition.
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Glossary Term: VRBO
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Adhering to all applicable laws, regulations, and licensing requirements related to short-term rental operations in the specific location.
An online platform that facilitates the booking of accommodations, such as Airbnb and VRBO. Ebooking platforms connect hosts with potential guests and streamline the reservation process.
Short-term rental properties located in Djibouti City, the capital and largest city of Djibouti, typically listed on platforms like Airbnb and VRBO.
A software system designed to manage reservations specifically for short-term rentals, often integrated with platforms like Airbnb and VRBO.
The practice of using data and analytics to optimize pricing and availability for short-term rentals to maximize revenue.
The practice of managing listings across multiple short-term rental platforms, such as Airbnb, VRBO, and Booking.com.
Feedback provided by guests directly to hosts, often through private messages or reviews on platforms like Airbnb and VRBO. This type of feedback is valuable for hosts to understand guest experiences and improve their listings.
A pricing strategy where short-term rental rates fluctuate based on real-time market demand, seasonality, competitor pricing, and other factors. This approach helps hosts maximize occupancy and revenue.
A short-term rental management approach that combines different booking platforms, such as Airbnb and VRBO, with direct bookings through a personal website or other channels to maximize occupancy and revenue.
A sum of money collected by a host from a guest before their stay to cover potential damages to the property.
A one-time fee charged to guests to cover the cost of cleaning the property after their stay. This fee is separate from the nightly rate.