Short Term Rental Glossary For Airbnb & Vrbo

Vs-Vacation Rental Virtual Tour

An interactive, 360-degree digital representation of a vacation rental property that allows potential guests to virtually explore the space online.

Vs-Vacation Rental Website Optimization

The process of improving a vacation rental website’s design, content, and technical aspects to enhance its visibility in search engines and attract more organic traffic.

Vt-Vacation Rental Trust

A legal entity designed to hold ownership of a vacation rental property, offering potential liability protection and tax advantages to the owner.

Vt-Vacation Rental Transparency

The practice of being open and honest with guests about all aspects of the rental experience, including pricing, house rules, and potential issues.

Vt-Vacation Rental Travel Insurance

A type of insurance that protects both hosts and guests from financial losses due to unexpected events such as trip cancellations, medical emergencies, or property

Vt-Vacation Rental Trend Analysis

The process of identifying and interpreting patterns and changes in vacation rental data, such as booking trends, pricing fluctuations, and guest preferences.

Vt-Vacation Rental Task Management

The process of organizing, prioritizing, and tracking all tasks associated with managing a vacation rental, from guest communication to cleaning and maintenance.

Vt-Vacation Rental Transportation

Options and arrangements made for guests to travel to and from the vacation rental, as well as navigate the local area, including airport transfers, car

Vt-Vacation Rental TripAdvisor

A popular travel platform where guests can research, book, and review vacation rentals, playing a significant role in influencing traveler decisions.

Vt-Vacation Rental Toolkit

A collection of resources, tools, and software designed to assist vacation rental hosts in managing their properties effectively and efficiently.

Vt-Vacation Rental Turnover Rate

A metric that measures how frequently a vacation rental property is booked and occupied over a specific period, reflecting its popularity and profitability.

Vt-Vacation Rental Touchpoints

All the interactions and communication channels between a vacation rental host and their guests throughout the entire guest journey.

Vt-Vacation Rental Theme

A unique and cohesive concept or design style that sets a vacation rental apart from competitors and enhances its appeal to a specific target market.

Vt-Vacation Rental Troubleshooting

The process of identifying, diagnosing, and resolving problems or issues that may arise during the operation of a vacation rental, such as maintenance requests, guest

Vt-Vacation Rental Trustworthiness

The perception of reliability, honesty, and integrity associated with a vacation rental host or property, based on factors such as reviews, communication, and overall experience.

Vt-Vacation Rental Tracking Metrics

Key performance indicators (KPIs) used to measure the success and performance of a vacation rental business, such as occupancy rate, average daily rate, and guest

Vu-Vacation Upselling

The practice of offering additional services or amenities to guests during their stay at a short-term rental, such as early check-in, late check-out, grocery delivery,

Vu-Vacation Utilization Rate

A metric used to track the percentage of time a short-term rental property is booked over a specific period, calculated by dividing the number of

Vu-Vacation User Interface

The design of screens, pages, and visual elements within a software application or platform used for managing short-term rentals, aiming to provide a user-friendly and

Vu-Vacation Urban Market

A segment of the short-term rental market characterized by properties located in densely populated urban areas, often catering to business travelers, city tourists, and individuals

Vu-Vacation Unit Economics

The financial analysis of a single short-term rental unit, considering factors such as revenue, expenses, occupancy rates, and return on investment, to determine its profitability.

Vu-Vacation Utility Management

The process of managing and paying for utilities, such as electricity, gas, water, and internet, associated with a short-term rental property, ensuring smooth operations and

Vu-Vacation Upgrade Options

Additional services or amenities that guests can choose to add to their booking for an extra fee, providing flexibility and customization to their stay.

Vu-Vacation Urgent Maintenance

Unexpected repairs or maintenance tasks that require immediate attention to ensure the safety, security, and comfort of guests staying at a short-term rental.

Vu-Vacation Usage Guidelines

A set of rules and instructions provided to guests outlining acceptable behavior, property usage limits, and other important information to ensure a respectful and enjoyable

Vu-Vacation Upfront Costs

The initial expenses incurred by hosts before listing and renting out their property on platforms like Airbnb and VRBO, including cleaning fees, photography, and listing

Vu-Vacation Umbrella Insurance

A type of liability insurance that provides additional coverage beyond the limits of a host’s primary insurance policies, protecting them from potential risks associated with

Vu-Vacation Unforeseen Circumstances

Unexpected events or situations that can disrupt short-term rental operations, such as natural disasters, pandemics, or personal emergencies, requiring flexibility and contingency planning.

Vu-Vacation User Reviews

Evaluations and feedback provided by guests who have stayed at a short-term rental, reflecting their overall experience and influencing the booking decisions of potential guests.

Vu-Vacation Upkeep Schedule

A regular plan for cleaning, maintaining, and inspecting a short-term rental property to ensure it remains in optimal condition for guests and minimizes the risk

Vu-Vacation User Demographics

The characteristics and preferences of individuals who use platforms like Airbnb and VRBO to book short-term rentals, including age, location, travel purpose, and budget.

Vu-Vacation Unique Property Features

Distinctive characteristics or amenities that make a short-term rental stand out from the competition, such as a private pool, hot tub, stunning views, or unique

Vu-Vacation Upfront Pricing

The practice of being transparent and disclosing all fees and charges associated with a short-term rental upfront, ensuring guests are fully aware of the total

Vu-Vacation Unified Inbox

A feature within a property management software or platform that consolidates all guest communication from multiple channels, such as Airbnb, VRBO, and email, into a

Vv-Vacation Value Proposition

The specific benefits and value that a short-term rental property offers to potential guests, differentiating it from competitors and justifying its price point.

Vv-Vacation Value-Added Services

Additional services offered to guests beyond the basic accommodation, enhancing their experience and potentially generating extra revenue. Examples include airport transfers, grocery delivery, or local

Vv-Vacation Virtual Tour

An interactive, 360-degree digital representation of a short-term rental property, allowing potential guests to virtually explore the space online before booking.

Vv-Vacation Variable Pricing

A dynamic pricing strategy where rental rates fluctuate based on factors like seasonality, demand, day of the week, and special events, optimizing occupancy rates and

Vv-Vacation Vendor Management

The process of sourcing, coordinating, and overseeing external service providers essential for managing short-term rentals, such as cleaning crews, maintenance personnel, and property managers.

Vv-Vacation Visual Content Strategy

A plan for using high-quality photos, videos, and virtual tours to showcase the best features of a short-term rental property and attract potential guests online.

Vv-Vacation Voice-Activated Devices

The integration of smart home technology like Amazon Alexa or Google Assistant into short-term rentals, allowing guests to control amenities and access information through voice

Vv-Vacation Visitor Management

Strategies and tools for tracking guest arrivals and departures, managing access to the property, and ensuring the security of both guests and the rental unit.

Vv-Vacation View Enhancement

Efforts made to maximize the appeal of a property’s view, such as strategic landscaping, window placement, or balcony additions, enhancing the overall guest experience.

Vv-Vacation Vacation Rental Agreement

A legally binding contract outlining the terms and conditions of a short-term rental agreement between the host and guest, covering aspects like payment, house rules,

Vv-Vacation Vacation Rental Insurance

Specialized insurance coverage designed for short-term rental properties, protecting hosts from liabilities and damages beyond what traditional homeowner’s or renter’s insurance typically covers.

Vv-Vacation Vacation Rental Market Analysis

Research conducted to understand the performance of short-term rentals in a specific location, including factors like occupancy rates, average daily rates, and competitor analysis.

Vv-Vacation Vacation Rental Regulations

Local laws, ordinances, and restrictions imposed by municipalities or homeowners’ associations that govern the operation of short-term rentals, including permitting requirements and occupancy limits.

Vv-Vacation Vacation Rental Software

Digital tools and platforms designed to streamline various aspects of short-term rental management, including channel management, guest communication, and financial tracking.

Vv-Vacation Vacation Rental Welcome Book

A comprehensive guide provided to guests upon arrival at a short-term rental, containing essential information about the property, amenities, house rules, and local recommendations.

Vv-Vacation Vacation Rental Website

A dedicated website for a short-term rental property, providing detailed information, photos, availability calendars, and a direct booking engine for potential guests.

Vw-Vacation Whole Home Rental

A type of short-term rental where guests have exclusive access to an entire property, including all living spaces, bedrooms, and amenities.

Vw-Vacation Winterization

The process of preparing a vacation rental property for the winter season, including protecting pipes, insulating, and securing outdoor areas.

Vw-Vacation Workation Destination

A vacation rental property or destination suitable for combining work and leisure, typically offering amenities like strong Wi-Fi and dedicated workspaces.

Vw-Vacation Wellness Retreat

A vacation rental experience focused on health and well-being, often including amenities like yoga studios, spas, or healthy meal options.

Vw-Vacation Wildlife Viewing

Opportunities for observing wildlife in their natural habitat, often a feature of vacation rentals located in rural or natural settings.

Vw-Vacation Write a Review

The act of leaving feedback and ratings about a vacation rental experience, influencing the property’s reputation and future bookings.

Vw-Vacation Waste Management

The system for handling garbage, recycling, and compost at a vacation rental property, often with specific guidelines for guests.

Vw-Vacation Wedding Venue

A vacation rental property suitable for hosting weddings or other special events, often with ample space and scenic views.

Vx-Vacation Experience Economy

The shift in consumer spending towards experiences and memories rather than material possessions, heavily influencing the short-term rental market.

Vx-Vacation Exclusive Use Policy

A rental agreement clause specifying that the booked short-term rental property is for the exclusive use of the guest and their party during the reservation

Vx-Vacation Early Check-in Fee

An optional charge levied by some hosts for guests requesting to access the short-term rental property earlier than the standard check-in time.

Vx-Vacation Eco-Friendly Practices

Sustainable measures implemented in a short-term rental, such as energy-efficient appliances, reusable products, and recycling initiatives, appealing to environmentally conscious guests.

Vx-Vacation Event Hosting Policies

Guidelines and restrictions set by short-term rental platforms or hosts regarding events like parties, gatherings, or commercial photoshoots at the property.

Vx-Vacation Extranet Management

The process of using the online platforms provided by Airbnb, VRBO, and other listing sites to manage bookings, adjust pricing, and communicate with guests.

Vx-Vacation Emergency Preparedness Kit

A collection of essential supplies, such as first-aid items, flashlights, and bottled water, provided in a short-term rental for guest safety during unforeseen events.

Vx-Vacation Enhanced Cleaning Protocol

Heightened cleaning and sanitation procedures implemented by short-term rental hosts, often exceeding industry standards, in response to health concerns or pandemics.

Vx-Vacation Entertainment Options

Amenities provided within a short-term rental for guest leisure, such as board games, streaming services, books, or access to recreational equipment.