A key performance indicator (KPI) in the hospitality industry that measures the revenue generated per available rental unit, calculated as average daily rate multiplied by occupancy rate.
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The profit earned from a short-term rental property after deducting all expenses, including cleaning fees, management fees, and platform fees.
Communication exchanged between hosts and guests through spoken words, either in person or remotely, which can be important for building rapport and…
A pricing strategy where short-term rental rates fluctuate based on real-time market demand, seasonality, competitor pricing, and other factors. This approach helps…
Implementing eco-friendly practices in vacation rental operations to minimize environmental impact, conserve resources, and promote responsible tourism.