Short for “Short-Term Vacation Rental Platform,” it refers to online marketplaces like Airbnb and VRBO that connect property owners with travelers seeking short-term accommodations.
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Glossary Term: VRBO
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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.
The proactive approach of optimizing all aspects of a guest’s stay, from pre-booking to post-departure, to create a positive and memorable experience.
The process of enhancing a short-term rental listing’s visibility and appeal on platforms like Airbnb and VRBO through compelling descriptions, high-quality photos, and relevant keywords.
Bookings made directly through a host’s website or other channels, bypassing third-party platforms and their associated fees.
Activities, tours, or recommendations provided by hosts to enhance guests’ stay by connecting them with local attractions, restaurants, and culture.
Methods and technologies used to manage and secure access to a short-term rental property, such as smart locks, keypads, or lockboxes.
Essential tasks related to maintaining the cleanliness, hygiene, and functionality of a short-term rental property between guest stays.
The percentage of time a short-term rental property is booked over a specific period, indicating its popularity and profitability.
The process of confirming a guest’s identity and booking details to prevent fraud and ensure security.
The practice of optimizing pricing and availability to maximize revenue from short-term rental properties.
Insurance or security deposits that protect hosts from potential financial losses due to accidental or intentional damage caused by guests.