The system of rules, regulations, and processes that govern the short-term rental industry, including platforms like Airbnb and VRBO.
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Governance
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Evaluating the financial viability of a potential short-term rental property by considering factors like purchase price, operating expenses, and projected revenue.
A pricing strategy that considers factors like demand, seasonality, and competitor pricing to optimize rental rates based on guest behavior.
A dynamic pricing strategy where rental rates are adjusted based on real-time factors influencing demand, such as seasonality, events, holidays, and competitor…
A measure of how much of the potential market for short-term rentals in a specific location is being captured by existing listings.