The evaluation of a short-term rental property’s financial performance, considering factors like purchase price, operating expenses, rental income, and market trends.
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A booking where the guest has made a reservation but has not yet completed the booking process, such as providing payment information.
Specialized software designed to streamline and automate various aspects of short-term rental management, including bookings, guest communication, cleaning schedules, and financial reporting.
Targeting a specific segment of travelers with tailored marketing efforts, such as pet-friendly accommodations or properties suitable for remote workers.
A key performance indicator (KPI) in the hospitality industry, calculated by dividing the total revenue generated from bookings by the number of…