An online platform or marketplace that connects short-term rental property owners or managers with potential guests, facilitating bookings and communication.
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Glossary Term: Airbnb
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A recognition program by Airbnb that rewards hosts who consistently provide exceptional hospitality and meet specific performance criteria, such as high ratings and low cancellation rates.
Short for “Short-Term Vacation Rental Platform,” it refers to online marketplaces like Airbnb and VRBO that connect property owners with travelers seeking short-term accommodations.
A growing trend in the travel industry where grandparents travel with their grandchildren, often opting for spacious and family-friendly short-term rentals over traditional hotels.
Methods and technologies used to manage and secure access to a short-term rental property, such as smart locks, keypads, or lockboxes.
Essential tasks related to maintaining the cleanliness, hygiene, and functionality of a short-term rental property between guest stays.
The process of confirming a guest’s identity and booking details to prevent fraud and ensure security.
The percentage of time a short-term rental property is booked over a specific period, indicating its popularity and profitability.
Insurance or security deposits that protect hosts from potential financial losses due to accidental or intentional damage caused by guests.
The practice of optimizing pricing and availability to maximize revenue from short-term rental properties.
Implementing eco-friendly practices in short-term rental operations, such as energy conservation, waste reduction, and responsible sourcing.
The process of verifying the identity and assessing the risk of potential guests before confirming a booking.