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.
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Glossary Term: Host Protection
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A booking option on some platforms where the host is guaranteed payment even if the guest cancels, often at a higher commission rate.
Offering a balanced cancellation policy that provides flexibility for guests while protecting the host from last-minute cancellations and potential loss of income.
A type of credit card fraud where criminals use devices to steal card information during the booking process, posing a risk to both hosts and guests in the short-term rental industry.
Implementing clear and balanced cancellation policies to protect both hosts and guests while considering market standards and booking flexibility.
A clear and concise outline of the terms and conditions under which a host can cancel a booking, and the consequences for both parties. A fair and transparent cancellation policy builds trust with guests and protects both hosts and guests from unforeseen circumstances.
Insurance or security deposit coverage that protects hosts from financial losses due to accidental or intentional damage caused by guests to the rental property.
A physical or virtual button that allows hosts and guests to quickly contact emergency services or designated contacts in case of an emergency.
Insurance or security deposits that protect hosts from financial losses due to accidental or intentional damage caused by guests during their stay.
A protection program offered by Airbnb that provides hosts with coverage for property damage caused by guests, up to a certain limit and under specific conditions.
The terms and conditions that outline the rules and penalties for guests canceling their bookings, protecting both hosts and guests.
A type of insurance that protects short-term rental hosts from financial losses arising from claims of bodily injury or property damage.