The process of researching and comparing the average nightly rates of similar short-term rental properties based on their square footage in a specific location, used to inform pricing strategies.
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Generating financial statements and reports that track income, expenses, and profitability of a short-term rental business.
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Refers to the strategy of encouraging guests to book directly through a host’s own website or channels, bypassing third-party platforms and their…
The prevailing rental rate for similar properties in the same market area, used as a benchmark for setting competitive pricing.