A pricing strategy that appears successful in the short term but ultimately undermines profitability or long-term sustainability. This might involve consistently undercutting competitors or relying solely on discounts.
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Allows guests to check into their rental using a mobile device, often through a dedicated app or website. This provides convenience and…
Offering personalized recommendations for local attractions, restaurants, and activities to enhance the guest experience and showcase local expertise.
Income generated from renting out a property on a short-term basis through platforms like Airbnb or VRBO.
A key performance indicator (KPI) in the hospitality industry, calculated by dividing the total revenue generated from bookings by the number of…