The practice of analyzing data and implementing strategies to maximize revenue and occupancy rates for a short-term rental property, similar to revenue management in the hotel industry.
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A dedicated website for a rental property, allowing hosts to accept bookings directly without relying solely on platforms.
A software tool that automatically adjusts rental rates based on factors like demand, seasonality, competition, and other market variables to optimize revenue.
Exploring different staffing models for managing short-term rentals, including hiring full-time employees, part-time cleaners, or outsourcing tasks to specialized companies.
An essential appliance in a short-term rental that provides hot water for showers, baths, and kitchen use, ensuring guest comfort and convenience.