The period between when a guest books a vacation rental and their actual arrival date, influencing pricing and occupancy strategies.
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Glossary Term: Last-Minute Bookings
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A feature on Airbnb and VRBO that allows guests to book a short-term rental property immediately without requiring host approval.
A setting allowing hosts to receive bookings only within a three-day window prior to the check-in date, often used for last-minute bookings or to optimize occupancy.
Limited-time discounts or packages offered to attract guests, especially during low seasons or to fill last-minute bookings.
Reservations made for a short-term rental on the same day as the check-in date. This often requires flexible hosts and efficient turnover processes.
A marketing term used to promote short-term rentals for guests seeking spontaneous getaways or last-minute bookings, typically emphasizing ease of booking and flexible cancellation policies.
The shortest amount of time in advance a guest is allowed to make a reservation for a short-term rental.
Leveraging real-time events, trends, or social media buzz to create timely and engaging marketing campaigns for short-term rentals, attracting last-minute bookings.
The shortest amount of time in advance that a guest can book a short-term rental before the desired check-in date, often set by hosts to manage last-minute bookings or accommodate cleaning and preparation time.
Software or platform features that streamline the process of handling reservations made close to the arrival date, including automated messaging, pricing adjustments, and calendar updates.
A feature on Airbnb and VRBO that allows guests to book a property immediately without waiting for host approval, streamlining the booking process and appealing to last-minute travelers.
A pricing strategy where the price of a short-term rental approaches a certain level as the booking date gets closer. This strategy often involves lowering prices as the check-in date nears to avoid vacancy.