A major options exchange. While not directly relevant to short-term rentals, it serves as a reminder of the importance of understanding market volatility and fluctuations, particularly for hosts with investments in real estate or other assets.
Glossary Terms
The commercial and business center of a city, often a desirable location for short-term rentals due to proximity to attractions, businesses, and transportation.
While not directly related to short-term rentals, this organization highlights the potential for franchising in the hospitality industry, including property management services for short-term rentals.
A compound found in cannabis plants that is often used for its therapeutic effects. While legal in some areas, hosts need to be aware of local laws and regulations regarding cannabis use in their properties.
An association representing the yacht charter industry. While not directly related to traditional short-term rentals, it highlights the growing trend of alternative accommodation options and the potential for diversification.
The original cost of an asset, such as a property, used to calculate capital gains or losses for tax purposes. Important for hosts to track for financial management and tax reporting.
A collaborative research approach that involves community members in the research process. This approach can be used to study the impact of short-term rentals on local communities and identify ways to mitigate negative effects.
A program that encourages tourism development that benefits local communities, often through partnerships with local businesses and organizations. Short-term rental hosts can participate in such programs to enhance their offerings and contribute to the local economy.
A designation that may be given to accommodations meeting specific standards for business travelers. While not as common in the short-term rental space, it highlights the importance of catering to the needs of this specific guest segment.
Marketing efforts that involve promoting your short-term rental property or services through partnerships with other businesses or platforms.
While not directly related to short-term rentals, this Indian education board highlights the potential of international families traveling for educational purposes, representing a niche market for short-term rental hosts.
A software solution that allows property managers to manage bookings from multiple channels, including Airbnb and VRBO, in one centralized platform.