A combination of software and digital tools used to manage various aspects of short-term rental operations.
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Glossary Terms
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The predictable fluctuations in travel demand throughout the year, influenced by factors like holidays, weather, and events.
Using natural language processing to determine the overall sentiment (positive, negative, neutral) expressed in guest reviews.
Dividing potential guests into distinct groups based on shared characteristics to tailor marketing and services effectively.
The process of identifying, assessing, and mitigating potential risks associated with travel, ensuring guest and property safety.
A system that provides personalized travel suggestions based on user preferences, past behavior, and external factors.
A form on a vacation rental website that allows potential guests to submit specific details about their desired trip, facilitating personalized responses and targeted offers.
A shift in focus from simply providing accommodation to crafting memorable and engaging experiences for guests throughout their stay.
Utilizing data and analytics to predict future demand for short-term rentals, allowing hosts and property managers to adjust pricing and optimize occupancy.
The maximum number of tourists a destination or accommodation can support without negatively impacting the environment, local community, or guest experience.
The process of providing potential guests with a personalized price quote for their desired stay dates and then facilitating the booking based on that quote.
Accommodation options that meet a specific standard of quality and amenities, often catering to tourists’ expectations and needs.