The percentage of time a short-term rental property is booked and occupied by guests over a specific period. Higher occupancy rates generally indicate greater profitability.
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A semi-fictional representation of the ideal guest for a vacation rental, based on demographics, psychographics, and travel preferences.
A process that allows guests to access the rental property without in-person interaction, often using keyless entry systems, lockboxes, or smart locks.
Implementing environmentally friendly practices in short-term rental operations, such as energy conservation, waste reduction, and local sourcing.
Tracking income and expenses, setting financial goals, and optimizing pricing strategies to ensure the profitability and long-term success of the short-term rental…