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.
A system that allows guests to access the property without a physical key, typically using a code, app, or smart lock.
The use of dynamic pricing tools that adjust rental rates based on factors like demand, seasonality, and competitor pricing.
The amount of sunlight a short-term rental receives in the afternoon, impacting factors like temperature, lighting, and overall ambiance. This is an…
The amount of time between when a guest makes a reservation and the actual check-in date. Understanding booking lead time helps hosts…
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