A key performance indicator (KPI) in the hospitality industry, calculated by dividing the total revenue generated from bookings by the number of nights booked.
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Utilizing historical data, market trends, and booking patterns to project future revenue and inform pricing and investment decisions.
Local regulations that limit noise levels in residential areas, often impacting short-term rentals and requiring hosts to implement noise mitigation strategies.
Collaborating with social media influencers or travel bloggers to promote short-term rental properties to their followers and reach a wider audience.
The availability of short-term rental properties that fluctuates based on factors like seasonality, owner usage, and booking patterns.