A situation where the number of short-term rentals in a particular market exceeds guest demand, potentially leading to lower occupancy rates and price competition.
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A hypothetical term emphasizing the importance of intelligent and effective communication with guests. Prompt responses, personalized messages, and anticipating guest needs are…
An online community or platform where hosts of short-term rentals can connect with each other to share advice, ask questions, discuss industry…
The highest rating a property can receive on platforms like Airbnb and VRBO, signifying exceptional quality and guest satisfaction.
Employing strategies tailored to short-term rentals, such as dynamic pricing, minimum stay requirements, and seasonal adjustments to maximize rental income.