A form of local area wireless technology that allows mobile devices and other electronics to perform actions by being in close proximity to a beacon.
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Glossary Terms
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Essential toiletries and supplies provided in the bathrooms of short-term rentals, such as shampoo, conditioner, soap, toilet paper, and towels.
When a new guest checks in immediately after the previous guest checks out, resulting in no vacancy between reservations.
A type of short-term rental management company that specializes in managing a smaller number of high-end or unique properties, often providing personalized services.
A growing segment of the short-term rental market, catering to professionals traveling for work. Business travelers often prioritize amenities like high-speed Wi-Fi and workspaces.
A legal permit required by many local governments to operate a short-term rental business. Obtaining the necessary business licenses ensures compliance with local regulations.
The level of recognition and familiarity that potential guests have with a short-term rental brand. Building strong brand awareness can increase bookings and command premium pricing.
An inquiry from a potential guest to reserve a short-term rental for specific dates. Hosts can choose to accept, decline, or send a special offer in response to a booking request.
The amount of time between when a guest makes a reservation and the actual check-in date. Understanding booking lead time helps hosts forecast demand and adjust pricing strategies.
Software that allows guests to search for, book, and pay for short-term rentals directly on a host’s website. It streamlines the booking process and reduces reliance on third-party platforms.
A digital calendar used to track reservations, availability, and pricing for short-term rentals. It helps hosts manage multiple listings and avoid double-bookings.
A set of tools in Microsoft Azure that provide visibility into cloud spending and help optimize costs, relevant for managing expenses associated with short-term rentals.