A situation in the short-term rental market where the number of available listings decreases, potentially leading to increased competition and higher prices.
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The percentage of time a short-term rental property is unoccupied over a specific period.
Expenses that remain relatively constant regardless of occupancy rates, such as mortgages, property taxes, and insurance. Understanding fixed costs helps hosts determine…
The evaluation of a short-term rental property’s financial performance, considering factors like purchase price, operating expenses, rental income, and market trends.
Eco-friendly and socially responsible products and services offered to guests in short-term rentals, such as organic toiletries, energy-efficient appliances, and locally sourced…