An abbreviation for “Short-Term Vacation Contract Fee,” it represents the compensation paid to a short-term rental management company for their services, typically calculated as a percentage of the rental income generated.
You may also like
Updating the information regarding safety amenities provided in a short-term rental, like smoke detectors, carbon monoxide alarms, or security systems, to reassure…
A cloud-based service in Microsoft Azure for building, training, and deploying machine learning models, potentially used for price optimization and guest behavior…
A reservation made outside of online travel agencies (OTAs) like Airbnb or VRBO, directly between the host and the guest.
Technologies that enable guests to access short-term rental properties without in-person interaction, such as smart locks, keypads, or lockboxes.