The use of smart home technology in short-term rental properties to enhance guest experience, improve security, and automate tasks such as temperature control, lighting, and access control.
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Glossary Term: Short-Term Rental
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Laws and ordinances implemented by local governments to regulate short-term rentals, addressing issues such as licensing, taxes, and permitted rental durations.
Implementing eco-friendly measures in short-term rental operations, such as energy-efficient appliances, water conservation efforts, waste reduction, and the use of sustainable products.
Strategies and techniques used by short-term rental hosts to maximize rental income by optimizing pricing, occupancy rates, and booking channels, often utilizing dynamic pricing algorithms and market analysis.
Costs associated with a short-term rental that can be avoided or reduced when the property is not rented, such as cleaning fees, guest supplies, and booking platform fees.
A type of professional liability insurance that protects short-term rental property managers from financial losses due to mistakes, negligence, or failure to provide promised services.
The process of connecting and activating essential utilities like electricity, gas, water, internet, and waste management for a short-term rental property.
Research and evaluation of factors influencing the short-term rental market in a specific location, including supply and demand, seasonal trends, competitor analysis, and pricing dynamics.
Implementing sustainable and environmentally responsible methods in short-term rental operations, such as using eco-friendly cleaning products and reducing energy consumption.
The segment of the tourism industry that focuses on responsible travel to natural areas, often overlapping with short-term rentals that emphasize sustainability and conservation.
Using a curated collection of art pieces from different artists, styles, or mediums to enhance the visual appeal and personality of a short-term rental.
An online platform or marketplace specifically designed for short-term rental hosts to sell additional products or services to their guests.