The process of working with guests or co-hosts to jointly plan and personalize travel itineraries, enhancing guest satisfaction and fostering a sense of co-creation.
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Diversifying income beyond nightly rentals, like offering experiences, early check-in/late check-out, or local partnerships.
Expenses associated with owning a short-term rental property, encompassing mortgage payments, property taxes, insurance premiums, utilities, maintenance, and potential HOA fees.
The process of dividing a target market into smaller groups based on shared characteristics, such as travel purpose, demographics, or budget.
A continuous improvement cycle used in short-term rental management to analyze data, implement changes, and track results for optimization.