A booking option on some platforms where the host is guaranteed payment even if the guest cancels, often at a higher commission rate.
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Glossary Term: Booking Guarantee
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A feature offered by some short-term rental platforms, like Airbnb, that provides guests with a refund or rebooking assistance if their stay is significantly disrupted due to unforeseen circumstances outlined in the platform’s policy.
A booking option on some platforms where hosts commit to accepting all reservations within set parameters, often for increased visibility.