A predetermined amount of money set aside by hosts to cover the expected depreciation of furnishings, appliances, and other property features due to normal use by guests.
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The percentage of time a short-term rental property is booked over a specific period. A high occupancy rate indicates strong demand and…
Key performance indicators (KPIs) used to measure the effectiveness of yield management strategies for short-term rentals. These metrics include occupancy rate, average…
Applying house rules, such as no smoking or pet policies, uniformly to all guests to maintain fairness and prevent misunderstandings or disputes.
Refers to amenities provided at a short-term rental that have received positive reviews or ratings from previous guests, indicating their quality or…