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Vacation Rental Encyclopedia
Learn about the most important topics in the vacation rental industry.
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Most Popular Terms
Accessible tourism
Accessible tourism is defined as all-inclusive tourism and travel. This means that people with or without disabilities have equal access and enjoyment of touristic activities and travel in general.
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Average Daily Rate (ADR)
The Average Daily Rate is a key performance indicator that shows the average revenue that an occupied room can earn in a day. It's one of the most common financial indicators in the hospitality industry and an extremely useful tool for revenue management.
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Average Length of Stay (ALOS)
The Average Length of Stay definition refers to the number of nights a guest books a vacation rental home.
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Ecotourism
Ecotourism is responsible and sustainable travel to natural areas with the intention of conserving the environment and learning about the local culture.
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Damage waiver fee
A damage waiver fee is a prepaid, non-refundable fee included in a rental home’s total price that covers accidental damages to your property during the guests’ stay.
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Double bookings
A double booking, also known as overbooking, refers to when two or more parties book a vacation rental for the same nights. While it is a common occurrence, double bookings are extremely harmful to the reputation of a vacation rental owner.
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Lodgify
Lodgify is a vacation rental software solution that allows owners and property managers to easily manage their short-term rental business from one place. Owners can create their own bookable website, manage all their reservations on a centralized platform and sync their bookings and calendars with external channels.
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Online Travel Agency (OTA)
An Online Travel Agency is a web-based marketplace designed to help travelers research and plan their vacations. The top OTAs for vacation rentals include Airbnb, Vrbo, Booking.com and Expedia, among others.
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RevPAR
RevPAR is a measurement made to calculate the overall performance of your rental properties using the metric system. It works to assess the availability of rentals and the average rate at which they are filled.
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Yield management
Yield management is the process of making frequent adjustments in the price of a product in response to specific market factors, such as demand or competition. Businesses use yield management in the travel industry as a pricing strategy.
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Finance
Industry
Marketing
Policies & Legal
Property Management
Reporting
Technology
Features
Property Management Software
Reservation System
Guest Management
Task Management
Automation
Reporting and Analytics
Accounting
Airbnb Management Software
Channel Manager
Channel Manager
Airbnb Channel Manager
HomeAway / Vrbo API
Expedia API
Booking.com API
Website Builder
Booking System
Booking System
WordPress
Squarespace
Wix
Weebly
Drupal
Joomla
Templates
Integrations
Solutions For
Vacation Rental Owners
Property Managers
Bed & Breakfasts
Cabins & Cottages
Holiday Lets
Resorts
Serviced Apartments
Small Hotels
Villas
Pricing
Resources
COVID-19 Resource Center
Blog
Vacation Rental Guides
Encyclopedia
Success Stories
Help Center
Start Free Trial
Login
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