An agreement where a property owner grants a single property manager or platform exclusive rights to market and manage their short-term rental.
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A key performance indicator (KPI) in the hospitality industry that measures the revenue generated per available rental unit, calculated as average daily…
Integrating smart home technology into short-term rentals to enhance guest convenience and comfort, such as automated lighting, temperature control, and entertainment systems.
The availability of short-term rental properties that fluctuates based on factors like seasonality, owner usage, and booking patterns.
Hiring a third-party company or individual to handle various aspects of managing a short-term rental, including guest communication, cleaning, and maintenance.