A hypothetical approach to revenue management that involves adjusting pricing and availability strategies in real-time based on market demand and other relevant factors.
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The evaluation of a short-term rental property’s financial performance, considering factors like purchase price, operating expenses, rental income, and market trends.
Local laws and guidelines that specifically address the use and rental of individual dwelling units within larger properties for short-term rental purposes.
Additional charges applied per person beyond the standard occupancy limit set by the host for a short-term rental.
Detailed lists created by hosts to ensure consistent property preparation, guest communication, and overall smooth operation of their short-term rentals.