Key performance indicators (KPIs) used to measure the success and performance of a vacation rental business, such as occupancy rate, average daily rate, and guest satisfaction.
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A situation in the short-term rental market where the number of available listings decreases, potentially leading to increased competition and higher prices.
Communication between hosts and guests conducted solely within the messaging system provided by a platform like Airbnb or VRBO.
The importance of open and honest communication, accurate property descriptions, and fair pricing practices in fostering trust with potential guests.
Actively soliciting and responding to guest feedback to identify areas for improvement, enhance the guest experience, and build a positive reputation.