Classifies the type of short-term rental property, such as an apartment, house, condo, or villa, helping guests find accommodations that suit their preferences and needs.
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Glossary Term: Airbnb
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A resource provided by hosts or property managers to guests, offering information and recommendations about the local area, including restaurants, attractions, and activities.
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.
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.