A legally binding contract between the host and the guest outlining the terms and conditions of the rental, including the rental period, payment terms, house rules, and cancellation policy.
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A situation where the supply of short-term rentals in a particular market exceeds the demand, potentially leading to lower occupancy rates and…
A host who embodies the ideal qualities of a successful short-term rental operator, consistently receiving high ratings and positive guest reviews.
The recurring and predictable fluctuations in demand for short-term rentals, often influenced by factors like seasons, holidays, and events.
A plan for incorporating longer-term stays (typically 30 days or more) into a short-term rental business model, often to balance occupancy and…