A situation in a specific location where the number of available short-term rentals significantly exceeds guest demand, potentially leading to lower occupancy rates and price competition.
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A set of standardized procedures for cleaning and sanitizing a short-term rental property between guest stays to ensure hygiene and guest safety.
A measure of revenue generation efficiency for short-term rentals during the third quarter, calculated as the revenue per available room night.
A type of sofa that can be converted into a bed, often used in short-term rentals to accommodate additional guests.
A legal document outlining the terms and conditions of a security deposit provided by a tenant to a landlord in a commercial…