A performance metric used in the hospitality industry that calculates the average revenue generated per available room, considering both occupancy rate and average daily rate.
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A digital service or platform that assists guests with booking activities, transportation, and other experiences during their stay.
A specialized insurance plan designed to cover short-term rental properties, protecting against potential liabilities, property damage, and guest-related incidents.
Utilizing the Pareto Principle to focus on optimizing pricing for the 20% of time periods that generate 80% of revenue in short-term…
The use of background checks, identity verification, and communication analysis to assess the trustworthiness and suitability of potential guests before confirming bookings.