A metric used to measure the percentage of time a short-term rental property is booked over a specific period. It is calculated by dividing the number of booked nights by the total number of available nights.
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An electronic document or app providing guests with essential information about the property, amenities, house rules, and local recommendations.
A rental agreement for a fixed period of six months, often used by hosts transitioning between short-term and long-term rentals.
The average cost incurred to acquire a new guest, including marketing, advertising, and other expenses, used to measure marketing effectiveness.
Employing data-driven strategies to optimize pricing, availability, and distribution channels to maximize rental income and profitability.