Charges imposed by online travel agencies (OTAs) like Airbnb and VRBO on hosts for each booking made through their platforms, typically calculated as a percentage of the reservation value.
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A pricing strategy where short-term rental rates are set lower than competitors to attract bookings and gain market share.
Offering a discounted rate to guests in exchange for booking a non-refundable reservation, providing greater financial security for the host.
The process of thoroughly cleaning, organizing, and preparing a short-term rental property for the arrival of new guests.
Navigating the legal and regulatory landscape specific to short-term rentals, including local ordinances, licensing requirements, tax obligations, and safety regulations.