A contract between a host and a service provider, outlining specific performance expectations, response times, and service guarantees for tasks like cleaning, maintenance, or guest communication.
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The percentage of time a short-term rental property is booked over a specific period. A higher occupancy rate generally indicates greater profitability.
The organic promotion of a short-term rental business through positive guest reviews, recommendations, and referrals, leveraging guest satisfaction to drive future bookings.
A desirable feature in a vacation rental property that offers views of a harbor or marina, often commanding premium rental rates.