A metric used to measure the percentage of time a short-term rental property is booked over a specific period. It is calculated by dividing the number of booked nights by the total number of available nights.
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The terms and conditions outlining the consequences of a guest canceling their reservation, including potential refunds or penalties.
Defining specific and measurable financial targets for a short-term rental property, such as desired occupancy rate or net income.
Detailed protocols for cleaning and sanitizing the rental property between guest stays, ensuring a safe and hygienic environment.
Adjusting rental rates higher during periods of increased travel demand, such as holidays or popular events, to capitalize on market fluctuations.