A resource provided by hosts or property managers to guests, offering information and recommendations about the local area, including restaurants, attractions, and activities.
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Glossary Term: Airbnb
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Indicates that a short-term rental property is managed by a professional property management company, responsible for handling bookings, cleaning, and guest communication.
The unique and memorable qualities of a short-term rental that make it stand out from the competition and appeal to guests.
A strategy where hosts purchase or rent properties in areas with lower property prices but high short-term rental demand, aiming to maximize profits.
Virtual backgrounds used during online meetings or property tours to showcase the short-term rental’s amenities or create a professional setting.
The process by which platforms like Airbnb and VRBO enforce consequences for violations of their terms of service, such as unauthorized parties or property damage.
A situation where a guest makes a booking on a short-term rental platform like Airbnb or VRBO, but the reservation is later canceled or never actually existed. This can be due to various reasons, including fraudulent activity or technical errors.
A short-term rental property where the owner resides on-site during a guest’s stay, typically in a separate unit or area.
A monthly or quarterly report provided by Airbnb or VRBO to property owners, detailing reservation details, payouts, and fees.
The exchange of information and interaction between a short-term rental owner/manager and their guests, encompassing pre-booking inquiries, booking confirmations, check-in instructions, and post-stay feedback.
The fluctuation of short-term rental pricing during the COVID-19 pandemic and its aftermath, often characterized by initial dips followed by significant increases.
A pricing strategy where short-term rental rates are dynamically adjusted based on the specific listing platform or channel, such as Airbnb, VRBO, or Booking.com, to optimize occupancy and revenue.