The percentage of time a short-term rental property is booked over a specific period. A high occupancy rate indicates strong demand and revenue potential.
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The expected deterioration of a property due to regular use, distinguishing it from damage caused by guests, relevant for security deposits.
Marketing strategy where existing guests are incentivized to refer new guests, often through discounts or credits.
Security measures implemented by hosts or property managers to vet potential guests and mitigate risks associated with unauthorized parties, property damage, or…
A pricing strategy that appears successful in the short term but ultimately undermines profitability or long-term sustainability. This might involve consistently undercutting…