A dynamic pricing model that considers competitor pricing, seasonality, and demand fluctuations to optimize nightly rates for short-term rentals.
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The ability to communicate with guests and manage listings in languages other than the host’s primary language, important for attracting international travelers.
The normal deterioration of a rental property and its furnishings due to guest use over time.
The phenomenon where a platform or service becomes more valuable as more users join and contribute to it, such as the increasing…
Regularly assessing the performance of similar short-term rentals in the area to adjust pricing strategies, amenities, and marketing efforts for competitive advantage.