A broader term encompassing various forms of renting out one’s primary residence or a portion of it for short periods, often facilitated through platforms like Airbnb and VRBO.
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Glossary Term: VRBO Hosting
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The practice of renting out a portion or the entirety of one’s primary residence to guests for short-term stays.
The normal deterioration of a property and its furnishings due to regular use over time, as opposed to damage caused by negligence or misuse.
A reduced rate offered to guests who book a short-term rental for a full week or longer, incentivizing extended stays and increasing occupancy during slower periods.
The nightly or total price charged for a short-term rental stay that includes a Friday and/or Saturday night, often set at a premium compared to weekday rates due to higher demand.
The concept of maintaining a healthy equilibrium between work responsibilities and personal time, particularly relevant for short-term rental hosts who need to manage their businesses while also enjoying their own lives.
An online platform or software that allows short-term rental owners to create and manage their own websites for direct bookings, showcasing their properties and bypassing third-party platforms.
Laundry appliances provided within a short-term rental, allowing guests to wash and dry their clothes during their stay, particularly convenient for longer stays or families traveling with children.
A metric that measures how easily guests can access nearby amenities and attractions from a short-term rental on foot, often highlighted in listings to attract travelers seeking convenience and local experiences.
A standard amenity expected by most short-term rental guests, providing wireless internet access throughout the property for work, entertainment, and staying connected.
A short-term rental property specifically marketed towards remote workers or digital nomads, offering amenities and features conducive to productivity and extended stays, such as dedicated workspaces, high-speed internet, and comfortable living areas.
Organic promotion generated by satisfied guests who recommend a short-term rental to their friends, family, or colleagues, often through online reviews, social media posts, or personal referrals.