The practice of listing a property on multiple short-term rental platforms simultaneously to maximize occupancy and reach a wider audience.
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Glossary Terms
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A metric used to track the percentage of potential guests who view a listing and then proceed to make a booking. A higher conversion rate indicates a more effective listing.
A method of check-in that allows guests to access the property without physically meeting the host or a property manager, typically through keyless entry systems or lockboxes.
A one-time fee charged to guests to cover the cost of cleaning the property after their stay. This fee is separate from the nightly rate.
A software solution that allows property managers to manage their listings and bookings across multiple short-term rental platforms like Airbnb, VRBO, and Booking.com from a central dashboard.
The terms and conditions that outline the penalties and refunds for guests and hosts in case of booking cancellations on platforms like Airbnb and VRBO.
Laundry appliances provided within a short-term rental, allowing guests to wash and dry their clothes during their stay, particularly convenient for longer stays or families traveling with children.
The concept of maintaining a healthy equilibrium between work responsibilities and personal time, particularly relevant for short-term rental hosts who need to manage their businesses while also enjoying their own lives.
A reduced rate offered to guests who book a short-term rental for a full week or longer, incentivizing extended stays and increasing occupancy during slower periods.
A small token of appreciation offered to guests upon arrival at a short-term rental, such as a bottle of wine, local snacks, or a personalized note, enhancing the guest experience and creating a welcoming atmosphere.
An essential appliance in a short-term rental that provides hot water for showers, baths, and kitchen use, ensuring guest comfort and convenience.
A thorough inspection of a short-term rental property conducted by the host or a designated representative before and after each guest stay, documenting the condition of the property and identifying any damages or maintenance needs.