The overall landscape of short-term rental properties, including supply, demand, competition, and industry trends.
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Glossary Terms
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Adjusting rental rates dynamically based on factors like seasonality, demand, and special events to optimize occupancy and revenue.
Software solutions designed to help hosts manage their short-term rentals, including booking calendars, guest communication, and payment processing.
Using visually appealing content like photos, videos, and virtual tours to attract guests and market short-term rental properties.
Specialized insurance coverage for short-term rental properties, protecting hosts from liabilities and potential damages.
The security measures taken by platforms like Airbnb and VRBO to verify the identity of both hosts and guests.
Additional services offered to guests beyond the standard accommodation, such as airport transfers, grocery delivery, or tour bookings.
An interactive, digital representation of a property, often using 360-degree photos or videos, allowing potential guests to virtually explore the space.
A legally binding contract between the host and guest outlining the terms and conditions of the short-term rental.
A pricing strategy used during periods of lower demand for short-term rentals, often involving discounted rates to attract bookings.
The percentage of time that a rental property is booked and occupied by paying guests over a specific period, indicating the property’s popularity and revenue potential.
The use of technology to detect and monitor noise levels within a rental property, helping to enforce house rules and prevent disturbances.