A situation where the supply of short-term rentals in a particular market exceeds the demand, potentially leading to lower occupancy rates and rental prices.
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The process of preparing a short-term rental for new guests between bookings, including cleaning, restocking supplies, and performing necessary maintenance.
Integrating technology solutions that enhance the guest experience, such as smart home devices, automated messaging, and online booking platforms.
A business model that combines a physical presence, such as a property management company, with an online presence, like listings on Airbnb…
Regularly updating listing information, photos, and descriptions to reflect any changes in amenities, features, or pricing.