The percentage of time a short-term rental property is booked during the summer months, typically considered a peak season for travel.
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Glossary Term: Short-Term Rental
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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.
Using environmentally friendly cleaning products and methods to maintain the cleanliness of a short-term rental property while minimizing harm to the environment and guests’ health.
An online platform or marketplace that connects short-term rental property owners or managers with potential guests, facilitating bookings and communication.
A comprehensive list of all the items stored in a dedicated storage area within a short-term rental property, including cleaning supplies, linens, toiletries, and maintenance tools.
Creating a catchy and memorable phrase or tagline that encapsulates the essence of a short-term rental property and appeals to potential guests.
The percentage of time a short-term rental property is booked over a specific period, indicating its popularity and profitability.
A short-term rental booking with a relatively short lead time between the booking date and the check-in date. These are often spontaneous or last-minute trips.
A segment of the short-term rental market characterized by bookings for short stays, often within driving distance of guests’ homes.
The process of cleaning, preparing, and resetting a short-term rental unit between guest stays, ensuring a comfortable and welcoming environment for the next guest.