The percentage of time a short-term rental property is booked over a specific period, indicating its popularity and profitability.
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The practice of maintaining consistent rental rates across different booking platforms to avoid channel conflict.
Conducting thorough research to understand the target market, competitor pricing, and local demand trends to optimize pricing and marketing strategies.
A standardized test designed to measure intelligence. While not directly related to short-term rentals, having strong problem-solving and analytical skills is valuable…
Local laws and ordinances governing short-term rentals, often covering aspects like permits, taxes, occupancy limits, and safety requirements.