A labor market characterized by short-term contracts or freelance work, often facilitated by online platforms, relevant to the flexible nature of short-term rental hosting.
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Gig Economy
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Analyzing the profitability of short-term rentals beyond just revenue, factoring in expenses, occupancy rates, and guest lifetime value.
Discounts or incentives offered to attract guests and increase bookings, such as weekly discounts, last-minute deals, or early bird specials.
The practice of analyzing data and market trends to optimize pricing and occupancy rates for maximum revenue.
Building positive relationships with neighbors and the local community by addressing concerns, adhering to noise ordinances, and promoting responsible tourism.