A pricing strategy where the price of a short-term rental approaches a certain level as the booking date gets closer. This strategy often involves lowering prices as the check-in date nears to avoid vacancy.
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A standard amenity expected by most short-term rental guests, providing wireless internet access throughout the property for work, entertainment, and staying connected.
The reciprocal sharing of knowledge, experiences, and traditions between hosts and guests from different cultural backgrounds, often facilitated through short-term rental interactions.
A segment of the short-term rental market characterized by bookings for short stays, often within driving distance of guests’ homes.
Laws, ordinances, and regulations imposed by local governments or homeowners’ associations that govern short-term rentals, including licensing, permits, occupancy limits, and noise…