The amount of time between when a guest makes a reservation and the actual check-in date. Understanding booking lead time helps hosts forecast demand and adjust pricing strategies.
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Utilizing software or platforms to manage reservations, calendars, and guest communication efficiently, ensuring accurate booking information and preventing double bookings.
Maintaining a system for monitoring sent quotes, their expiration dates, and follow-ups with potential guests to convert inquiries into bookings.
Hungarian term for “Property Expense,” encompassing the various costs associated with owning and operating a short-term rental property, including cleaning fees, maintenance…
A legal contract where a property owner appoints a property manager or management company to act as their agent in managing and…