Charges applied by hosts or property managers for each guest beyond the standard occupancy limit specified for a short-term rental property.
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Glossary Terms
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The process of guests reserving a short-term rental property for a future date. Advance booking trends and lead times can vary depending on factors like seasonality and destination popularity.
The ability for property managers or authorized individuals to access and manage various aspects of a short-term rental business, including listing details, booking calendars, and guest communication channels.
The necessity for hosts and property managers to strictly comply with the rules and guidelines set forth by platforms like Airbnb and VRBO. This encompasses areas such as guest communication, cancellation policies, and property standards.
A type of mortgage where the interest rate fluctuates based on market conditions. This can impact short-term rental owners who use mortgages to finance their properties, as fluctuating interest rates can affect profitability.
The practice of displaying online advertisements to specific audiences based on demographics, interests, and online behavior. In short-term rental marketing, this could involve targeting travelers interested in specific destinations or amenities.
A calculation of profitability that factors in all revenue and expenses associated with a short-term rental property, including mortgage payments, utilities, cleaning fees, and platform fees, providing a more accurate picture of the investment’s financial performance.
A collection of luxury vacation rentals on Airbnb that meet specific criteria for design, amenities, and service.
An individual or company that creates and hosts unique experiences for Airbnb guests, offering activities, tours, or workshops.
A program that allows hosts to offer their spaces to people in need of temporary housing, such as refugees, disaster relief workers, or those seeking medical treatment.
The use of dynamic pricing tools that adjust rental rates based on factors like demand, seasonality, and competitor pricing.
The platform’s system for guests and hosts to provide feedback on their experiences, influencing future bookings and fostering transparency.