The practice of continually refining and improving short-term rental listings on platforms like Airbnb and VRBO based on real-time data and analytics. This includes adjusting pricing, updating photos, refining descriptions, and responding to guest feedback to maximize occupancy rates and revenue.
Glossary Term: VRBO
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.
Promptly requesting and responding to guest feedback after their stay to improve the rental experience and address any concerns.
Search filters used on platforms like Airbnb and VRBO that allow guests to narrow down their search results based on specific criteria, such as dates, location, and amenities.
Promptly following up with potential guests after an inquiry or booking request to answer questions, confirm details, and secure the reservation.
Short-term rental properties that are equipped and marketed to cater to the needs of families with children, offering amenities like cribs, high chairs, and toys.
Providing guests with clear and concise instructions on how to use appliances, access amenities, and follow house rules to ensure a smooth and comfortable stay.
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.