Software applications and services that are hosted online and accessed via the internet, often used for property management and booking platforms.
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Glossary Term: Bookings
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A centralized system used by property managers to manage bookings, availability calendars, and rates across multiple platforms like Airbnb and VRBO.
When a new guest checks in immediately after the previous guest checks out, resulting in no vacancy between reservations.
The average amount of revenue generated per booking, calculated by dividing the total revenue by the number of bookings.
Specialized software designed to simplify and automate various aspects of short-term rental management, including bookings, guest communication, cleaning, and finances.