Reviews and ratings left by guests on platforms like Airbnb and VRBO, crucial for building trust and attracting future bookings.
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A pre-written document that outlines the terms and conditions of a short-term rental agreement, including guest responsibilities, house rules, and liability waivers.
Dynamic pricing strategies that use algorithms to adjust rental rates based on factors like demand, seasonality, and competitor pricing.
Applying the Pareto Principle to short-term rental amenities, suggesting that 80% of guest satisfaction likely comes from 20% of the amenities offered.
A marketing strategy that adjusts promotional efforts based on seasonal demand, targeting specific traveler segments during peak booking periods.