The software and digital tools used to automate, streamline, and manage various business processes within a short-term rental operation, such as property management systems (PMS).
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The promotion of short-term rentals through personal recommendations and referrals from satisfied guests.
Analyzing guest reviews to identify patterns and insights related to the preferences and expectations of the defined target market for continuous improvement.
An additional charge applied per person beyond the maximum occupancy limit stated in the listing, covering extra resource consumption.
The fundamental economic principle that influences short-term rental pricing, where higher demand and limited supply lead to increased prices, and vice versa.