A dynamic pricing strategy used in short-term rental management where rates are adjusted based on seasonal demand, holidays, special events, and other factors that influence market fluctuations.
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The process of vetting potential guests before confirming bookings, using background checks, reviews, and communication to minimize risks.
Maintaining clear and prompt communication with guests throughout their stay, addressing inquiries and resolving issues effectively.
A security measure implemented by platforms like Airbnb and VRBO to confirm the identity of guests before booking.
Laws and ordinances implemented by local governments to regulate short-term rentals, addressing issues such as licensing, taxes, and permitted rental durations.