A key performance indicator (KPI) in the hospitality industry that measures the revenue generated per available rental unit, calculated as average daily rate multiplied by occupancy rate.
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A pricing option offered to guests that provides a discounted rate in exchange for a non-refundable booking, often used to attract early…
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Unique or unconventional accommodations offered as short-term rentals, such as yurts, treehouses, RVs, or boats, appealing to niche markets.
A document provided to guests upon arrival that outlines helpful information about the property, local area, and house rules.