Digital tools that help hosts manage availability, set dynamic pricing, and synchronize calendars across platforms.
Glossary Terms
Examining guest feedback to identify areas for improvement, understand guest preferences, and enhance the rental experience.
The division of rental income between the property owner and a property management company or platform.
Specific regulations and procedures mandated by local authorities for legally operating a short-term rental property.
Software or websites that allow hosts to compare their rental rates with competitors and adjust pricing accordingly.
Forecasting potential rental income based on factors such as seasonality, market demand, and historical data.
A compilation of local recommendations, attractions, and essential information provided to guests to enhance their stay.
A metric on booking platforms that measures how quickly and consistently hosts respond to guest inquiries.
The practice of maintaining consistent rental rates across different booking platforms to avoid channel conflict.
Actively monitoring and responding to online reviews, addressing guest feedback, and maintaining a positive brand image.
Different sources of income generated by a vacation rental, including nightly rates, cleaning fees, and additional services.
A digital calendar that displays availability, bookings, and pricing for a vacation rental property.