The terms and conditions outlining the cancellation procedures and potential penalties for both hosts and guests in the event of a booking cancellation, providing clarity and managing expectations.
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Glossary Term: Booking Flexibility
9 posts
Outlines the terms and conditions for cancelling a booking, including refund policies and penalties for both guests and hosts, as defined by platforms like Airbnb and VRBO.
The terms and conditions that determine the refund amount a guest is entitled to if they need to cancel their booking, ranging from flexible to strict.
Strategically adjusting the minimum stay requirement for a short-term rental based on factors like seasonality, demand, and booking lead time.
The terms and conditions that outline the cancellation options and potential penalties for both hosts and guests when booking a short-term rental.
The terms and conditions outlining the consequences of a guest canceling their reservation, including potential refunds or penalties.
A cancellation policy that allows guests to cancel their reservation for a full or partial refund, depending on how far in advance they cancel.
The ability for hosts or guests to modify the start and end dates of a confirmed reservation, subject to availability and potential fees, through the Airbnb or VRBO platform.
The period between when a guest can make a reservation and the actual check-in date for a short-term rental, influencing pricing and availability strategies.