The strategy of listing short-term rental properties on multiple platforms, such as Airbnb, VRBO, and Booking.com, to reach a wider audience of potential guests.
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Glossary Term: Short-Term Rentals
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Methods and technologies used to provide secure and convenient access to short-term rental properties for guests, such as smart locks, keypads, and lockboxes.
Strategic approach to maximizing rental income through dynamic pricing, occupancy optimization, and revenue forecasting specific to short-term rentals on platforms like Airbnb and VRBO.
A comprehensive document or digital resource provided to guests upon booking that includes essential information about the property, amenities, house rules, and local recommendations.
A growing trend in the travel industry where grandparents travel with their grandchildren, often opting for spacious and family-friendly short-term rentals over traditional hotels.
A leading travel industry intelligence platform providing news, research, and insights on the short-term rental market.
A popular travel search engine that allows users to compare prices for flights, hotels, and rental cars, including short-term rentals listed on platforms like Airbnb and VRBO.
Establishing consistent guidelines for responding to guest reviews on platforms like Airbnb and VRBO, addressing both positive and negative feedback professionally and promptly.
Analyzing booking patterns and occupancy rates within a specific geographic area to inform pricing, marketing, and property acquisition decisions for short-term rentals.
Technologies that enable guests to access short-term rental properties without in-person interaction, such as smart locks, keypads, or lockboxes.
Exploring insurance policies specifically designed for short-term rental properties, covering potential risks not typically included in standard homeowner’s or landlord’s insurance.
Expanding income sources beyond nightly rental rates by offering additional services or amenities to short-term rental guests, such as airport transfers, grocery delivery, or local experiences.