A charge imposed by platforms like Airbnb and VRBO to guests or hosts (or both) to cover the cost of using their platform and services.
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Glossary Term: Service Fee
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An abbreviation for “Short-Term Vacation Contract Fee,” it represents the compensation paid to a short-term rental management company for their services, typically calculated as a percentage of the rental income generated.
The charges imposed by short-term rental platforms like Airbnb and VRBO for using their services, typically calculated as a percentage of the booking amount or a flat fee per booking.
A percentage-based fee charged by platforms like Airbnb and VRBO to hosts for each booking facilitated through their platform.
A charge added to the rental rate by the platform or property manager to cover the cost of processing the reservation.