A booking method where the guest books a property without knowing its exact location or seeing photos, often at a discounted rate.
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Glossary Terms
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A travel trend combining business and leisure, where travelers extend their business trips for leisure purposes.
A rating given to businesses by the Better Business Bureau (BBB) based on their trustworthiness and performance. A good BBB rating can increase guest trust and bookings.
A guest who is traveling for work-related purposes, often seeking accommodations for short-term stays and prioritizing convenience and amenities that cater to their professional needs.
The period of time during which guests can make reservations for a short-term rental property, often extending several months into the future.
A charge added to the rental rate by the platform or property manager to cover the cost of processing the reservation.
A visual representation of the booking pace for a short-term rental property, showing the time between when reservations are made and the actual stay dates.
An official notification sent to the guest and host confirming the reservation details, including dates, rates, and house rules.
When a potential guest begins the booking process but leaves the platform or website before completing the reservation.
Specific dates on the booking calendar when a short-term rental property is unavailable for reservation, often due to owner use or maintenance.
The process of comparing the performance of a short-term rental property against competitors or industry averages to identify areas for improvement.
The arrangement and types of beds available in a short-term rental, including the number of each size (e.g., king, queen, twin).