The use of data and software tools to track performance metrics related to yield management, such as occupancy rates, average daily rates (ADR), and revenue per available rental (RevPAR). This data helps hosts make informed decisions about pricing and availability.
You may also like
A rule enforced by hosts prohibiting smoking inside the short-term rental property, often to maintain cleanliness and accommodate guests with sensitivities.
The process of securely transferring property access to guests, often utilizing methods like lockboxes, smart locks, or key exchange services.
The charges or commissions a property manager deducts for their services in managing a short-term rental.
A term for a host who effectively manages multiple responsibilities, including guest communication, cleaning, maintenance, and marketing.