Rules and guidelines imposed by local authorities or platforms like Airbnb and VRBO that govern the operation of short-term rentals, covering aspects like safety, noise, and parking.
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Glossary Term: Short-Term Rental
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The oversight and management of external vendors and contractors hired to provide services related to a short-term rental property, such as cleaning, maintenance, or property management.
The income generated from renting out a property on a short-term basis, typically calculated on a nightly or weekly basis.
Programs and policies implemented by governments, organizations, or short-term rental platforms to promote responsible and sustainable tourism practices within the short-term rental industry.
Emerging patterns and shifts within the short-term rental industry, encompassing aspects like traveler preferences, technology adoption, and regulatory changes.
Online platforms and websites dedicated to short-term rentals, providing resources, information, and tools for both hosts and guests.
A category used to classify short-term rentals based on the configuration and amenities offered, such as a studio, one-bedroom, or entire home.
A pricing strategy used by short-term rental platforms, like Airbnb and VRBO, where prices increase significantly during periods of high demand, such as holidays or special events.
A temporary or permanent deactivation of a host or guest account on a short-term rental platform due to violations of terms of service, safety concerns, or other policy breaches.
Software designed specifically for managing short-term rentals, encompassing features such as listing management, booking automation, guest communication, and financial reporting.
Eco-friendly and socially responsible products and services offered to guests in short-term rentals, such as organic toiletries, energy-efficient appliances, and locally sourced goods.
A comprehensive plan for managing and optimizing short-term rental properties, encompassing aspects like pricing, marketing, guest experience, and financial management.