The fluctuating balance between the availability of short-term rentals (supply) and the number of guests seeking accommodations (demand), influencing pricing and occupancy rates.
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A record of all interactions and correspondence between a host and their guests, typically maintained within a property management software or platform.
Implementing techniques and tactics to increase revenue per available rental night, including dynamic pricing, minimum stay requirements, and upselling.
Strategic improvements and renovations made to a short-term rental property to enhance its appeal, functionality, and value, leading to increased bookings and…
A third-party service that securely holds rental payments until after the guest checks in, providing financial protection for both hosts and guests.