Strategies and techniques aimed at maximizing occupancy rates for short-term rentals, leveraging data analysis, marketing, and revenue management principles.
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Glossary Term: VRBO
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The growing trend of travelers actively seeking out accommodations with distinctive features, themes, or locations beyond standardized hotel rooms, often through platforms like Airbnb and VRBO.
The process of calculating the profitability of a short-term rental property by measuring the financial returns (rental income, appreciation) against the investment costs (mortgage, maintenance, fees).
A specialized service catering to short-term rental hosts, providing high-quality linens like sheets, towels, and bathrobes, often with laundry and delivery included.
Establishing a system for collecting and analyzing guest feedback to identify areas for improvement and make necessary adjustments to the rental experience.
Describes a specific check-in process for a short-term rental, such as self-check-in with a keypad or a traditional check-in with a host or property manager.
Utilizing property management software or tools to generate timely and accurate financial reports, tracking income, expenses, and overall profitability.
Highlights amenities provided at a short-term rental that cater to specific needs or preferences, such as family-friendly features, pet-friendly accommodations, or accessible facilities.
Maintaining a running list of minor repairs or maintenance tasks that need to be addressed at the rental property to ensure everything is in working order.
Emphasizes the convenient location of a short-term rental property, typically within walking distance or easy access to key attractions, transportation, or amenities.
A well-designed floor plan that maximizes space, functionality, and flow within the rental property, enhancing guest comfort and satisfaction.
A marketing term used to describe a short-term rental experience that offers a unique or personalized touch, often compared to a boutique hotel or a home away from home.