Key performance indicators (KPIs) used to measure the effectiveness of yield management strategies for short-term rentals. These metrics include occupancy rate, average daily rate (ADR), revenue per available rental (RevPAR), and length of stay.
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A communication method where messages are not exchanged in real-time, allowing hosts and guests to respond at their convenience. Examples include emails,…
Understanding and adhering to local laws, regulations, and licensing requirements related to short-term rental operations. This may include obtaining permits, registering with…
An alternative to traditional short-term rentals where homeowners temporarily swap their homes with other travelers, typically for a mutually agreed-upon duration.
Software or platform features that streamline the process of handling reservations made close to the arrival date, including automated messaging, pricing adjustments,…