A system that allows guests to access the property without a physical key, often using codes, keypads, or smartphone apps.
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The practice of strategically setting rental rates to maximize occupancy and income, often using dynamic pricing tools and market analysis.
(Derived term) Setting unrealistic expectations in STR, such as expecting full occupancy year-round, can lead to disappointment and frustration. It’s crucial to…
The process of predicting future demand for short-term rentals based on historical data, seasonality, and market trends.
Adhering to all applicable laws and regulations related to short-term rentals, including taxes, safety standards, and accessibility.