The use of pricing strategies that leverage psychological principles to influence guest perception and booking behavior, such as charm pricing or using the anchoring effect.
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The ongoing process of improving and enhancing various aspects of short-term rental management to maximize guest satisfaction, efficiency, and profitability.
Dynamic pricing models used in short-term rental management that adjust rates based on factors like seasonality, demand, and competition.
A location experiencing high demand for short-term rentals, characterized by strong occupancy rates, competitive pricing, and potential for investment.
The use of software to automate communication with guests, such as booking confirmations, check-in instructions, and post-stay reviews.