A booking option offered at a discounted price in exchange for guests committing to the reservation with no option for a refund upon cancellation.
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A financial metric used to evaluate the profitability of a short-term rental investment, considering income and expenses.
The minimum number of nights required for booking a short-term rental, often varying depending on seasonality, weekends, and special events.
Utilizing background checks, reviews, and communication to vet potential guests and minimize the risk of problematic bookings.
A situation where the supply of short-term rentals in a particular market exceeds the demand, potentially leading to lower occupancy rates and…