A significant upgrade or renovation to a property that increases its value, lifespan, or functionality.
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Glossary Terms
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The percentage of bookings that are canceled by either the host or the guest within a specific timeframe.
The ability to import booking calendars from one platform (e.g., Airbnb) to another (e.g., VRBO) to avoid double bookings.
An informal gathering of short-term rental hosts to discuss industry trends, share best practices, and network.
Arranging for professional food and beverage services for guests, often for special events or enhanced experiences.
A detailed analysis of a specific short-term rental property or host’s performance, used for learning and benchmarking.
The environmental impact of a short-term rental, considering energy consumption, waste generation, and transportation.
Strategies and tools used to optimize occupancy rates and revenue based on factors like seasonality, demand, and pricing.
The practice of dividing your target market into smaller groups based on shared characteristics, such as travel purpose, budget, or group size.
An individual who occasionally rents out their primary residence or a spare room on platforms like Airbnb, often for supplemental income.
A financial metric used to evaluate the profitability of a rental property, calculated as the annual pre-tax cash flow divided by the total cash invested.