The practice of maintaining consistent pricing for short-term rental properties across all distribution channels, including online travel agents (OTAs) and direct bookings. This prevents rate disparities and ensures a fair market value.
In the context of short-term rental management, breakage refers to revenue lost due to cancellations, guest no-shows, or other unforeseen circumstances.
Offering reduced rates for reservations made close to the check-in date to fill vacancies and maximize occupancy during slower periods.
A type of liability insurance that provides additional coverage beyond the limits of a host’s primary insurance policies, protecting them from potential…
The total income generated from short-term rental bookings during a three-month period, typically used to track financial performance and seasonal trends.
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