The process of sourcing, procuring, and managing the goods and services required to operate a short-term rental business, including furniture, linens, cleaning supplies, and maintenance services.
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Glossary Term: Short-Term Rental
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Digital tools and resources designed to assist with various aspects of short-term rental management, including channel management software, pricing tools, and guest communication platforms.
A provision in a short-term rental agreement or local regulation that sets an expiration date or limits the duration of short-term rentals in a particular area.
The process of distributing short-term rental listings across multiple online travel agencies (OTAs) and booking platforms to reach a wider audience.
The level of monitoring and interaction a host provides during a guest’s stay, ranging from minimal contact to on-site presence.
The collective sector encompassing all businesses and activities related to short-term rental accommodations, including property management, technology platforms, and hospitality services.
Laws and regulations specifically pertaining to short-term rentals, addressing aspects like licensing, taxation, safety standards, and neighborhood impact.
The percentage of time a short-term rental property is booked during the summer months, typically considered a peak season for travel.
The economic landscape of the short-term rental industry, encompassing factors like supply and demand, pricing trends, and competitive dynamics.
A bathroom that is directly connected to a bedroom, typically found in hotel suites and higher-end short-term rentals.
The percentage of time a short-term rental property is booked and occupied by guests over a specific period, indicating the property’s rental performance.