A measure of the profitability of a short-term rental property, calculated by subtracting operating expenses from revenue.
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Temporary price reductions offered to guests as incentives to book, often during low season or to attract last-minute bookings.
Insurance or security deposits that protect hosts from financial losses due to accidental or intentional damage caused by guests during their stay.
Enhanced cleaning protocols implemented to ensure a higher standard of hygiene and sanitation, particularly important in light of health concerns.
The process of projecting future financial performance by estimating revenues, costs, and expenses, enabling hosts to make informed business decisions.