The process of monitoring, responding to, and managing guest reviews on short-term rental platforms to maintain a positive reputation and attract future bookings.
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Glossary Term: VRBO
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A software solution that allows property managers to manage their listings and bookings across multiple online travel agents (OTAs) like Airbnb and VRBO from a single platform.
Websites created by short-term rental owners or managers to allow guests to book directly, bypassing third-party platforms and their associated fees.
Refers to the seamless integration between a property management system (PMS) and online travel agents (OTAs) like Airbnb and VRBO, enabling real-time updates of availability, rates, and bookings.
The strategy of listing short-term rental properties on multiple platforms, such as Airbnb, VRBO, and Booking.com, to reach a wider audience of potential guests.
Connecting and managing listings across multiple platforms, like Airbnb and VRBO, to maximize visibility and bookings.
Hungarian term for “Property Expense,” encompassing the various costs associated with owning and operating a short-term rental property, including cleaning fees, maintenance expenses, and platform fees.
Hungarian term for “Regulatory Zone,” referring to specific geographical areas with unique rules and regulations for short-term rentals, often found in cities like Budapest.
Hungarian term for “Property Taxation,” referring to the specific tax obligations and regulations applicable to short-term rental income in different jurisdictions.
Hungarian term for “Seasonal Pricing,” referring to the practice of adjusting short-term rental rates based on fluctuating demand during different times of the year.
Hungarian term for “Property Law,” encompassing the legal framework governing short-term rentals, including zoning regulations, licensing requirements, and tenant rights.
Hungarian term for “Amenities,” referring to the facilities and services provided at a short-term rental property to enhance guest comfort and satisfaction.