Integrating smart home technology to automate various aspects of short-term rental management, such as keyless entry, temperature control, and appliance monitoring.
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Glossary Term: Airbnb
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The growing trend of travelers actively seeking out accommodations with distinctive features, themes, or locations beyond standardized hotel rooms, often through platforms like Airbnb and VRBO.
The process of calculating the profitability of a short-term rental property by measuring the financial returns (rental income, appreciation) against the investment costs (mortgage, maintenance, fees).
A specialized service catering to short-term rental hosts, providing high-quality linens like sheets, towels, and bathrobes, often with laundry and delivery included.
Highlights amenities provided at a short-term rental that cater to specific needs or preferences, such as family-friendly features, pet-friendly accommodations, or accessible facilities.
Maintaining a running list of minor repairs or maintenance tasks that need to be addressed at the rental property to ensure everything is in working order.
Emphasizes the convenient location of a short-term rental property, typically within walking distance or easy access to key attractions, transportation, or amenities.
A well-designed floor plan that maximizes space, functionality, and flow within the rental property, enhancing guest comfort and satisfaction.
A marketing term used to describe a short-term rental experience that offers a unique or personalized touch, often compared to a boutique hotel or a home away from home.
Regularly updating the rental property with new amenities, features, or design elements to stay competitive and appeal to a wider range of guests.
Refers to amenities provided at a short-term rental that have received positive reviews or ratings from previous guests, indicating their quality or desirability.
For larger short-term rental properties or those operating like boutique hotels, providing a dedicated front desk or concierge service to assist guests with their needs.