In the context of short-term rentals, this refers to the percentage of guests who do not return for a repeat booking within a specific timeframe.
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Churn Rate
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A designated container or digital option for guests to leave optional gratuity for exceptional service or housekeeping.
A type of drawing that shows a three-dimensional object in two dimensions, often used in floor plans for visualization.
The specific group of travelers a host aims to attract with their rental property, such as families, business travelers, or budget-conscious backpackers.
Adhering to the rules and regulations set by a homeowner’s association (HOA) when listing and managing a short-term rental property.