The phenomenon where a platform or service becomes more valuable as more users join and contribute to it, such as the increasing number of listings and guests on Airbnb and VRBO.
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The specific group of travelers a short-term rental property is aimed at attracting, based on factors like location, amenities, and pricing.
A metric used by Airbnb and VRBO to track how quickly a host responds to guest inquiries and booking requests, influencing search…
Adjusting rental rates during slower seasons to attract bookings and maintain a steady flow of income.
Implementing a budgeting method where all expenses are justified and allocated from a zero base each period, ensuring efficient financial management and…