Key performance indicators (KPIs) used to measure the effectiveness of yield management strategies for short-term rentals. These metrics include occupancy rate, average daily rate (ADR), revenue per available rental (RevPAR), and length of stay.
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Official authorization required to bring certain goods or furnishings into a country for use in a short-term rental, often needed for imported…
The actual price paid to acquire a property, including closing costs and other associated expenses. This is a crucial factor in calculating…
This refers to a violation of the terms agreed upon in a vacation rental agreement. This can be by the guest, like…
The ongoing expenses associated with running a short-term rental business, excluding the cost of acquiring the property. This includes items like utilities,…