The average cost incurred to acquire a new guest, including marketing, advertising, and other expenses, used to measure marketing effectiveness.
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Dynamic pricing models used by hosts and property managers to adjust rental rates based on factors like demand, seasonality, competitor pricing, and…
Implementing eco-friendly practices in short-term rentals, such as energy-efficient appliances, water conservation measures, and waste reduction initiatives.
An important skill for short-term rental owners and managers, particularly when dealing with guest requests, pricing negotiations, and vendor contracts.
Adjusting rental rates based on factors that could impact occupancy and revenue, such as seasonality, local events, and competitor pricing.