Using a smartphone app or website to access a short-term rental, often through digital keys or codes.
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Glossary Term: VRBO
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A formal request from a guest or host to address repairs or upkeep needed at a short-term rental property.
A cleaning service offered between bookings, particularly common for longer stays in short-term rentals.
Listing a short-term rental property on multiple platforms, such as Airbnb, VRBO, and Booking.com, to reach a wider audience.
A situation where the supply of short-term rentals in a particular market exceeds the demand, potentially leading to lower occupancy rates and rental prices.
A document that provides information about the hazards of a particular cleaning product or other chemical used in a short-term rental property.
The process of dividing a target market into smaller groups based on shared characteristics, such as travel purpose, demographics, or budget.
The phase in a property’s lifecycle where rental income is stable, occupancy rates are consistent, and the focus shifts to maximizing profitability and efficiency.
The ability of different software systems used for short-term rental management, such as channel managers and accounting software, to communicate and share data.
The process of gathering and analyzing information about a specific short-term rental market, including competitor analysis, pricing trends, and guest preferences.