(Derived term) Setting unrealistic expectations in STR, such as expecting full occupancy year-round, can lead to disappointment and frustration. It’s crucial to set achievable and realistic goals.
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The ongoing effort by hosts to encourage positive guest reviews, which are crucial for attracting future bookings and building a strong reputation.
A pricing strategy where short-term rental rates gradually adjust based on factors like competitor pricing, seasonality, and demand, similar to the gradual…
An additional fee charged to guests for optional amenities or services beyond the standard rental offering, such as early check-in, late check-out,…
The various expenses involved in providing short-term rental services, including cleaning fees, property management fees, platform fees, and maintenance costs.