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 process of collecting and remitting occupancy taxes to local authorities as mandated by regulations for short-term rentals.
A term for a host who effectively manages multiple responsibilities, including guest communication, cleaning, maintenance, and marketing.
Making strategic improvements to a short-term rental property based on market trends, guest feedback, and data analysis. This ensures the property remains…
Implementing safety features and protocols in short-term rentals, including smoke detectors, carbon monoxide detectors, first aid kits, and security systems, to ensure…