Strategies and techniques used to maximize revenue from short-term rental properties, including pricing optimization, channel management, and yield management.
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A reservation made directly through a property manager’s own website or booking engine, bypassing third-party platforms like Airbnb or VRBO.
The use of high-quality, professional photography to showcase the best features of a short-term rental property in listings.
The practice of strategically setting rental rates, analyzing market demand, and adjusting pricing to maximize occupancy and profitability for short-term rentals.
A hypothetical example of a local occupancy tax specific to Oquawka, Illinois. Short-term rental hosts in this area would be responsible for…