The average amount of revenue generated per booking, calculated by dividing the total revenue by the number of bookings.
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Glossary Terms
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The process of managing and updating the availability of a short-term rental property across multiple booking platforms to avoid double bookings and maximize occupancy.
A clause in a lease or rental agreement that prohibits short-term rentals, often included by landlords or property management companies to prevent Airbnb-style rentals.
A digital representation of a person, often used by hosts on platforms like Airbnb to personalize their profile and create a more welcoming presence for potential guests.
A premium short-term rental management company that offers a full range of services, including property management, marketing, and guest services, focusing on high-end properties and experiences.
Devices that detect and alert hosts to excessive noise levels in their properties, helping to prevent disturbances and enforce house rules.
Software that automatically publishes and updates listings across multiple short-term rental platforms, expanding reach and visibility.
Tools that track rental prices across multiple platforms to ensure consistent pricing and avoid discrepancies that could impact bookings.
The use of digital surveys or feedback forms to automatically collect guest reviews and insights after their stay.
Software or platforms that help hosts and property managers organize, assign, and track tasks related to managing short-term rentals.
The process of using technology to verify guests’ identities and reduce the risk of fraud or unauthorized bookings.
Strategies and tools used to attract and capture potential guest inquiries through online channels, social media, and other marketing efforts.