Expenses incurred in attracting and securing bookings from guests, including marketing, platform fees, and photography.
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Exploring and implementing diverse income-generating opportunities beyond nightly rates, such as offering experiences, early check-in/late check-out options, or partnering with local businesses.
Utilizing data and analytics to predict future demand for short-term rentals, allowing hosts and property managers to adjust pricing and optimize occupancy.
The understanding that short-term rental operators must adhere to all applicable local regulations, licensing requirements, and tax obligations.
The practice of analyzing data and market trends to adjust pricing and availability strategies in real-time to maximize revenue and occupancy for…