When a new guest checks in immediately after the previous guest checks out, resulting in no vacancy between reservations.
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A report that compares a short-term rental property to similar listings in the area to determine its competitive pricing and occupancy potential.
(Derived term) Setting unrealistic expectations in STR, such as expecting full occupancy year-round, can lead to disappointment and frustration. It’s crucial to…
An option allowing guests to divide the total booking cost into multiple installments, often used for larger bookings or longer stays.
The overall success of a vacation rental listing in terms of bookings, revenue, occupancy rate, and guest reviews.