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.
The number of nights a property has been booked by guests divided by the total nights the property is available to be rented.
Dynamic pricing for a property where the nightly rate is adjusted based on the number of people that are staying there. For example, charging a higher nightly rate for 5 people vs 2.
see low season.
Online Travel Agency (OTA)
Web-based marketplace that allows travelers to research and book travel services. The major agencies for short-term rentals include Airbnb and Vrbo.
Empty nights in between bookings, for example when guests depart from a weekend stay, but next guests do not arrive till the following weekend.
Features on the exterior of a property that are valued by potential guests. Examples include a patio, swimming pool, outdoor kitchen or fire pit.
When a short-term rental has been upgraded or renovated with amenities that won‚Äôt result in monetary gains.
Overbooking refers to the practice of accepting more reservations for a property than it has available rooms or units.
Locked closet or room in a property that is used to store personal items that are not available to guests.
Glossary terms are provided by the community to provide a quick reference for short term rental owners.
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