The practice of analyzing data and market trends to optimize pricing and occupancy rates for maximum revenue.
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Building relationships with local businesses, particularly those catering to tourists, to offer guests recommendations and enhance their experience.
A documented plan outlining procedures and responsibilities in case of emergencies or unforeseen situations affecting the property or guests.
Reservations made for multiple guests, often requiring specific accommodations or amenities to cater to larger parties.
The percentage of time a short-term rental property is booked over a specific period, indicating its popularity and revenue potential.