The practice of listing a short-term rental property on multiple platforms, such as Airbnb, VRBO, Booking.com, and others.
Glossary Term: Airbnb
The process of handling guest inquiries, booking requests, and other communications received through various platforms like Airbnb and VRBO.
A detailed record of all maintenance and repair tasks performed on a short-term rental property, including dates, descriptions, and costs.
A situation where the supply of short-term rentals in a particular market exceeds the demand, potentially leading to lower occupancy rates and rental prices.
A document that provides information about the hazards of a particular cleaning product or other chemical used in a short-term rental property.
The process of dividing a target market into smaller groups based on shared characteristics, such as travel purpose, demographics, or budget.
The phase in a property’s lifecycle where rental income is stable, occupancy rates are consistent, and the focus shifts to maximizing profitability and efficiency.
The ability of different software systems used for short-term rental management, such as channel managers and accounting software, to communicate and share data.
The process of gathering and analyzing information about a specific short-term rental market, including competitor analysis, pricing trends, and guest preferences.
The process of booking a short-term rental directly through the property owner or manager, outside of online platforms like Airbnb or VRBO.
The practice of advertising a short-term rental property on multiple booking platforms simultaneously, such as Airbnb, VRBO, Booking.com, and others, to expand reach and increase booking potential.
A property listing for a short-term rental that is located on an island. This can be a desirable feature for guests looking for a secluded or unique vacation experience.