The terms and conditions that dictate the refund amount a guest is entitled to if they cancel their booking. Policies range from flexible to strict and can impact booking rates.
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A dynamic pricing strategy that adjusts rental rates based on fluctuations in demand, such as holidays, weekends, or local events.
A metric used to evaluate the profitability of a rental property, calculated by dividing the annual rental income by the property’s purchase…
The process of managing interactions and relationships with vendors that provide services for short-term rentals, such as cleaning, maintenance, or property management.
Refers to a situation where the number of short-term rental listings in a specific market becomes excessively high, potentially leading to increased…