Hungarian term for “Property Law,” encompassing the legal framework governing short-term rentals, including zoning regulations, licensing requirements, and tenant rights.
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Glossary Term: Short-Term Rental
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Emerging patterns and shifts in traveler preferences, behaviors, and destinations, influencing the short-term rental market.
A fully furnished and equipped short-term rental property ready for immediate occupancy and rental income generation.
Strategies and activities aimed at attracting travelers to a destination, including promoting short-term rental properties.
Feedback and ratings provided by guests about their experiences at a short-term rental property, influencing future bookings.
The average percentage of time a short-term rental property is occupied by paying guests over a specific period.
Allowable expenses that can be deducted from rental income to reduce tax liability for short-term rental owners.
A professional who can assist travelers with booking short-term rentals, providing recommendations and handling arrangements.
Hungarian term for “Regulatory Zone,” referring to specific geographical areas with unique rules and regulations for short-term rentals, often found in cities like Budapest.
The process of verifying the identity and background of potential guests to minimize risks for short-term rental hosts.
Hungarian term for “Amenities,” referring to the facilities and services provided at a short-term rental property to enhance guest comfort and satisfaction.
The collective businesses and organizations involved in providing services and experiences for travelers, including short-term rentals.