The use of technology to automate and control various aspects of a short-term rental, such as lighting, temperature, and security.
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Hiring revenue management companies or consultants to optimize pricing for short-term rentals based on market demand and other factors.
An online marketplace that connects hosts listing short-term rental properties with potential guests, such as Airbnb, VRBO, or Booking.com.
The practice of allocating a portion of short-term rental profits back into the business, such as property improvements, marketing, or guest experience…
The process of comparing a short-term rental business’s performance against industry best practices and competitors to identify areas for improvement.