A metric used to measure the percentage of recurring revenue retained from existing customers over a specific period, excluding new customer revenue. In the short-term rental industry, NDR helps hosts and property managers understand their ability to retain guests and generate repeat bookings.
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Implementing clear and balanced cancellation policies to protect both hosts and guests while considering market standards and booking flexibility.
Feedback and ratings provided by guests after their stay at a short-term rental, influencing future booking decisions and shaping the property’s reputation.
Adhering to local government regulations that determine how property within a specific zone can be used. For short-term rentals, this often involves…
Specialized insurance coverage designed for short-term rental properties, providing protection against liability claims, property damage, and business interruptions.