The practice of managing listings across multiple short-term rental platforms, such as Airbnb, VRBO, and Booking.com.
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Glossary Term: Airbnb
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Feedback provided by guests directly to hosts, often through private messages or reviews on platforms like Airbnb and VRBO. This type of feedback is valuable for hosts to understand guest experiences and improve their listings.
A pricing strategy where short-term rental rates fluctuate based on real-time market demand, seasonality, competitor pricing, and other factors. This approach helps hosts maximize occupancy and revenue.
A short-term rental management approach that combines different booking platforms, such as Airbnb and VRBO, with direct bookings through a personal website or other channels to maximize occupancy and revenue.
A sum of money collected by a host from a guest before their stay to cover potential damages to the property.
A specific nightly rate set for a specific period, event, or guest. It allows hosts to adjust pricing based on demand fluctuations and special circumstances.
The visual attractiveness of a property from the street, which can significantly influence a potential guest’s first impression and decision to book.
The maximum number of guests allowed to stay at a property at any given time. It’s important for safety, comfort, and compliance with local regulations.
The terms and conditions that outline the penalties and refunds for guests and hosts in case of booking cancellations on platforms like Airbnb and VRBO.
A software solution that allows property managers to manage their listings and bookings across multiple short-term rental platforms like Airbnb, VRBO, and Booking.com from a central dashboard.
A one-time fee charged to guests to cover the cost of cleaning the property after their stay. This fee is separate from the nightly rate.
A method of check-in that allows guests to access the property without physically meeting the host or a property manager, typically through keyless entry systems or lockboxes.