The average amount of revenue generated per booking, calculated by dividing the total revenue by the number of bookings.
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A designated savings account where a portion of rental income is set aside to cover future property maintenance and repair expenses.
The revenue generated by hosts from short-term rentals after deducting expenses such as platform fees, cleaning costs, and maintenance.
Providing amenities and conveniences that cater specifically to the needs, interests, and expectations of the defined target market to enhance guest satisfaction.
Methods for generating income from short-term rental properties throughout the year, even during the off-season. This can include offering long-term stays, partnering…