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.
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Glossary Term: Short-Term Rental
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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.
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.