A feature offered by some short-term rental platforms, like Airbnb, that provides guests with a refund or rebooking assistance if their stay is significantly disrupted due to unforeseen circumstances outlined in the platform’s policy.
Glossary Terms
A document that outlines the design aesthetic and branding guidelines for a short-term rental property, ensuring consistency in decor, photography, and messaging.
A type of short-term rental unit that combines the living room, bedroom, and kitchen into a single open space, often with a separate bathroom.
Parking availability on public streets near a short-term rental property, which may be free or require permits.
A dynamic pricing strategy for short-term rentals that uses algorithms to adjust prices based on real-time market demand, seasonality, and other factors.
A form of sustainable travel that prioritizes responsible practices to minimize negative impacts on the environment and local communities.
Information about a specific booking on Airbnb or VRBO, including the guest’s name, dates of stay, number of guests, and total price.
A financial document provided by Airbnb and VRBO that outlines the host’s earnings, fees, and payouts for a specific period.
A form of compensation offered by some short-term rental management companies to employees, granting them the right to purchase company shares.
Tasteful and fashionable interior design elements used to create an inviting and aesthetically pleasing ambiance within a rental property.
A booking policy that imposes stricter terms and conditions for cancellations, typically resulting in higher penalties for guests.
A smooth and efficient process designed to quickly familiarize new guests with the property, its amenities, and the surrounding area.