A metric used to measure the percentage of recurring revenue retained from existing customers over a specific period, excluding new customer revenue. In the short-term rental industry, NDR helps hosts and property managers understand their ability to retain guests and generate repeat bookings.
You may also like
The measurement of a property’s usable living space, expressed in square feet. This is a crucial factor for determining listing prices and…
A communication tool integrated within a platform like Airbnb or VRBO, or a third-party service, allowing hosts to communicate with guests before,…
A guest who books a short-term rental property for a specific period, typically for vacation or leisure purposes.
A premium cleaning service offered between guest stays, often at an additional cost, that guarantees a faster turnaround time for cleaning and…