A type of mortgage where the interest rate fluctuates based on market conditions. This can impact short-term rental owners who use mortgages to finance their properties, as fluctuating interest rates can affect profitability.
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The specific needs, desires, and expectations of guests when searching for and booking short-term rentals, such as amenities, location, or property type.
Luxury additions to a short-term rental property that enhance relaxation and rejuvenation, such as hot tubs, saunas, steam rooms, or massage services.
Tools that analyze listing performance and suggest improvements based on factors like search ranking, booking conversion, and competitor data.
The continuous effort to identify, analyze, and improve existing business processes within a short-term rental operation to enhance efficiency and profitability.