A decrease in the number of reservations made for a short-term rental property, often indicating a need to adjust pricing, marketing, or property features.
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A metric used by investors to assess the potential profitability of a short-term rental property, calculated by dividing the projected annual rental…
The phenomenon where urban areas experience higher temperatures than surrounding rural areas, potentially impacting guest comfort and energy consumption in short-term rentals.
A form of marketing for short-term rentals that relies on word-of-mouth referrals, social proof, and building a strong online reputation to attract…
Electronic door locks that allow guests to access the property using their smartphones or other mobile devices, eliminating the need for physical…