A pricing strategy where the cost of expenses like cleaning, utilities, and maintenance are calculated first. Then, the desired profit margin is added to determine the rental rate.
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Glossary Terms
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A group of individuals elected by a company’s shareholders or members to oversee the management and governance of the company, including short-term rental operations.
A measure of how quickly a short-term rental property receives bookings over a given period. A higher velocity indicates strong demand.
A smaller-scale property management company that typically specializes in managing a select number of high-end or unique properties.
Emerging patterns and shifts in traveler behavior and preferences related to short-term rental bookings.
A digital tool that automates and streamlines various aspects of short-term rental management, including bookings, payments, and communication.
The fluctuation in demand for short-term rentals throughout the year, influenced by factors like holidays, events, and weather patterns.
Specific criteria set by hosts regarding booking requirements, such as minimum stay length, check-in/check-out times, and cancellation policies.
An online marketplace that connects travelers with short-term rental properties, such as Airbnb, VRBO, or Booking.com.
The process of handling reservations, including inquiries, confirmations, cancellations, and guest communication.
The main text within a listing description or message, excluding headings, bullet points, and calls to action.