Utilizing software or services to manage listings across multiple short-term rental platforms (e.g., Airbnb, VRBO, Booking.com) from a centralized dashboard, streamlining operations.
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Glossary Term: Airbnb
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Methods for encouraging satisfied guests to leave positive reviews on booking platforms, enhancing a property’s visibility and reputation.
Going above and beyond standard hospitality practices to create a memorable and positive stay for short-term rental guests, fostering positive reviews and repeat bookings.
Connecting a short-term rental’s availability calendar to local events, conferences, or festivals to optimize pricing and attract event-goers.
Adhering to ethical and sustainable guidelines in managing short-term rentals, including fair pricing, transparent communication, and respect for local communities and regulations.
Developing clear and comprehensive rental agreements that outline the terms and conditions of stay for short-term rental guests, protecting both hosts and guests.
A comprehensive list of tasks to ensure a short-term rental property is fully prepared for guest arrival, covering cleaning, maintenance, amenities, and safety checks.
Using historical data, market trends, and predictive analytics to estimate future revenue potential for short-term rental properties.
Identifying properties with potential for profit by leasing them long-term and subletting them as short-term rentals on platforms like Airbnb and VRBO.
The practice of maintaining consistent rental rates across different platforms like Airbnb and VRBO to avoid confusing potential guests and potentially violating platform policies. While complete parity isn’t always possible, striving for rate similarity helps build trust and attract bookings.
Tools designed to optimize pricing and occupancy for short-term rentals by analyzing market data, seasonality, and competitor pricing.
Strategies for encouraging past guests to refer new customers to short-term rental properties, often through discounts, rewards, or exclusive perks.