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.
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Expenses associated with providing essential amenities and consumables for guests, such as toiletries, linens, cleaning supplies, and welcome gifts.
Performing necessary repairs, upgrades, and deep cleaning during the less busy months to prepare the property for peak season.
Minor repairs or maintenance tasks that can be addressed quickly and efficiently to resolve guest issues promptly and prevent larger problems.
The Ojalá Effect in short-term rentals refers to the positive impact that exceeding guest expectations can have on bookings and reviews. Just…