In the context of short-term rentals, this refers to the percentage of guests who do not return for a repeat booking within a specific timeframe.
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Churn Rate
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The overall guest experience during their stay in a short-term rental property during the third quarter, encompassing aspects like communication, cleanliness, and…
Expenses associated with owning a short-term rental property, encompassing mortgage payments, property taxes, insurance premiums, utilities, maintenance, and potential HOA fees.
A refundable amount held by the host to cover potential damages or losses incurred by the guest during their stay.
Positive reviews or endorsements provided by previous guests, often showcased on a property listing or website to build trust and credibility.