Vacation Rental Glossary
Regularly updated list of commonly used short term rental terms.
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Our growing list of commonly used vacation rental terms to explain confusing acronyms or jargon you might encounter in your hosting journey.
Any portion of the total rental fee which a guest pays in advance of their stay.
The price per night that a host offers to a potential renter.
Invite-only program created by Airbnb that recognizes the world’s top Airbnb hosts and places to stay.
A designation created by Airbnb for hosts who meet criteria of a 4.8+ overall rating, 10+ stays, and low cancellation rate over time.
Special features of a short-term rental property such as a pool, hot tub, wifi, pool tables, or a fire pit.
Extra fees guests pay to a property owner in order to access certain amenities. This could include a golf or tennis court, beach chairs, small boats, etc.
Annual Percentage Rate (APR)
Annual percentage rate (APR) refers to the yearly interest generated by a sum that’s charged to borrowers or paid to investors.
A combination of hotel and apartment where you get the luxury of extra space and comfort of home but the conveniences and services of a hotel room.
A housing unit that is part of a common or shared building. A typical apartment has several units on each floor sharing a common hallway.
An electronic connection between two or more applications via their software platforms allows systems to exchange data sources. For example, 3rd party SaaS companies usually connect via API to the rental platforms of Airbnb, Vrbo, and Booking.com to get data on pricing, and availability.
An online calendar that allows renters to view current availability for a particular property.
The number of nights that a property is available for bookings in a given year. This would exclude any days that an owner personally spends at the property.
Average Daily Rate (ADR)
The average rental revenue earned for an occupied rental property per day. Owners can use this metric to evaluate the operating performance of a property.
Average Length of Stay (ALOS)
The average number of nights that guest books a particular rental property.
Average Rate Index (ARI)
Measure the performance of a property’s average daily rate over a time period in comparison to others. For similar properties (size, amenities, etc), a property’s ARI is expected to be 100. The index can be helpful in determining whether to raise, lower or hold rates.
Average Room Rate
see Average Daily Rate (ADR)
Glossary terms are provided by the community to provide a quick reference for short term rental owners.
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