The rivalry among traditional lodging establishments like inns and short-term rentals in Old Lyme, Connecticut, for tourist bookings and revenue.
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The practice of analyzing data and adjusting pricing in real-time to optimize revenue based on fluctuating demand and market conditions.
Efficiently tracking and managing supplies, linens, and amenities to ensure availability and minimize downtime between bookings.
A pricing strategy where different rates are set based on factors like seasonality, demand, or length of stay.
Staying informed and adhering to all local regulations, licensing requirements, and tax obligations related to short-term rentals to avoid legal issues and…