Informational resources provided by hosts to guests, highlighting local attractions, restaurants, and activities in the area.
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Glossary Terms
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Tickets to local attractions or events that hosts may offer as an added amenity or service to their guests.
Refers to how close a short-term rental property is to popular tourist attractions, landmarks, or entertainment districts. Listings with high attraction proximity are often more desirable to guests.
Amenities and modifications incorporated into a short-term rental to improve accessibility for guests with disabilities, such as ramps, grab bars, visual fire alarms, and accessible kitchen and bathroom facilities.
Rules and regulations implemented by a homeowner’s association (HOA) or condominium association that govern short-term rentals within the community, often addressing rental duration, guest limits, and noise restrictions.
Data points used to track the financial health and performance of a short-term rental property, including occupancy rate, average daily rate (ADR), and revenue per available room (RevPAR).
A method of communicating with guests where messages are not exchanged in real-time. This allows hosts and guests to respond at their convenience, utilizing tools like email or messaging platforms.
A short-term rental listing that showcases a luxurious, desirable, or unique experience, often exceeding typical guest expectations and inspiring travel aspirations.
A legal entity designed to hold and protect assets, like short-term rental properties, from potential liabilities and creditors. This can be particularly beneficial for hosts with multiple properties.
A pricing strategy where the price of a short-term rental approaches a certain level as the booking date gets closer. This strategy often involves lowering prices as the check-in date nears to avoid vacancy.
Guidelines set by homeowner associations or community groups that may impact short-term rental operations, such as restrictions on rental duration or guest occupancy.
Marketing short-term rentals by appealing to guests’ desires for luxury, unique experiences, or destinations they dream of visiting.