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Glossary

Vacation rental glossary: hosting terms, explained.

Find clear explanations of vacation rental and guest experience terms. Browse by letter, search by name or choose a topic, then open a term for practical examples and related reading.

192 terms

A

  • Accessibility information Guest experience & communication

    Accessibility information describes a property's specific access features and potential barriers. Measurements, photographs and clear descriptions are more useful than an unqua…

  • Accessible tourism Guest experience & communication

    Accessible tourism aims to make travel usable and enjoyable for people with a range of access needs. For hosts, clear factual information about entrances, bathrooms, routes and fac…

  • Account credit Pricing & revenue

    Account credit is a balance applied to eligible future charges. In Touch Stay’s referral programme, host rewards reduce future subscription invoices rather than being paid out as c…

  • Advance notice Bookings & distribution

    Advance notice is the minimum time required between a new booking and arrival. It gives the host time to prepare and is different from blocked preparation time between stays.

  • Agoda Bookings & distribution

    Agoda is an online travel booking platform offering hotels, private homes and other accommodation. For a vacation rental host, it can be an additional distribution channel alongsid…

  • Agri-ecotourism Property operations

    Agri-ecotourism combines farm-based visitor experiences with an emphasis on environmental care and local communities. The term describes the nature of the experience, not an automa…

  • AI chatbot AI guest tools

    An AI chatbot uses artificial intelligence to interpret messages and generate conversational responses. For vacation rentals, a property-specific chatbot can answer questions using…

  • AI content assistant AI guest tools

    An AI content assistant helps draft, rewrite or organise text. Hosts can use it to turn their own notes into guest instructions, adjust tone or shorten a message. The host remains …

  • AI guidebook generator AI guest tools

    An AI guidebook generator creates an initial guest guide from supplied property information or supported listing content. It provides a starting point that the host should review, …

  • Airbnb Bookings & distribution

    Airbnb is a platform where hosts list accommodation and travellers book stays, including entire homes and rooms. Hosts manage their listings and reservations under Airbnb’s platfor…

  • Amenities Guest experience & communication

    Amenities are the facilities, equipment and supplies offered with a stay. Accurate descriptions should distinguish what is included, what costs extra and what has restrictions or s…

  • Ancillary revenue Pricing & revenue

    Ancillary revenue is income from products or services beyond the core accommodation charge. Examples include optional cleaning, paid parking and guest extras. Revenue should be ass…

  • API integration Software & connected systems

    An API integration lets software systems exchange information or request actions through a defined interface. What synchronises, in which direction and how quickly depends on the s…

  • Automated messaging Guest experience & communication

    Automated messaging sends messages according to a schedule or event, such as a booking confirmation or upcoming arrival. It can deliver consistent information without manually send…

  • Automatic translation Guest experience & communication

    Automatic translation converts guest information or messages between languages using software. For hosts, it helps make guidebooks and replies understandable to international guest…

  • Availability, rates and inventory (ARI) Bookings & distribution

    ARI refers to the availability, prices and sellable accommodation inventory distributed between booking systems. Keeping these aligned helps guests see bookable dates and correct r…

  • Average daily rate (ADR) Pricing & revenue

    ADR is accommodation revenue divided by the number of sold room-nights or rental-unit nights in the same period. It measures the average nightly price achieved on occupied inventor…

  • Average length of stay (ALOS) Pricing & revenue

    Average length of stay is the total number of occupied nights divided by the number of stays in the same reporting set. It helps hosts understand turnover frequency and booking pat…

  • Average order value (AOV) Pricing & revenue

    AOV is the total value of a defined set of orders divided by the number of orders in that set. For guest extras, specify whether the calculation includes tax, refunds and only acce…

B

  • Back-to-back booking Bookings & distribution

    A back-to-back booking occurs when one stay ends and the next begins on the same day. It leaves a limited window for cleaning, checks and repairs before the next guests arrive.

  • Bartered services Property operations

    Bartered services are services exchanged for other goods or services instead of a cash payment. Hosts should agree the scope and value clearly; a non-cash arrangement can still cre…

  • Best available rate (BAR) Pricing & revenue

    BAR generally means a property's best publicly available unrestricted rate for a given date and accommodation type. It may differ from member, advance-purchase or non-refundabl…

  • Blackout dates Bookings & distribution

    Blackout dates are dates excluded from a particular promotion, rate or booking arrangement. They do not necessarily mean the property is closed or unavailable at every price.

  • Booking confirmation Bookings & distribution

    A booking confirmation records an accepted reservation and its key details, such as property, dates, guest count, price and applicable terms. It should distinguish the booking stat…

  • Booking conversion rate Marketing & discovery

    Booking conversion rate measures how many eligible visits or inquiries result in a booking. Specify the denominator, time period and attribution method before comparing results.

  • Booking curve Pricing & revenue

    A booking curve shows how reservations build up as a stay date approaches. Comparing curves for similar periods helps a host understand when guests book and whether demand is arriv…

  • Booking engine Software & connected systems

    A booking engine lets guests check availability, choose dates and submit a reservation online. It commonly connects a direct booking website to reservation and payment systems.

  • Booking fee Pricing & revenue

    A booking fee is a charge associated with arranging or processing a reservation. Who pays it, how it is calculated and whether it is included in the displayed total depend on the c…

  • Booking pace Pricing & revenue

    Booking pace measures how quickly reservations or booked nights are accumulating for a future period. Comparing pace with an appropriate prior period can help guide pricing and mar…

  • Booking window Bookings & distribution

    The booking window, or booking lead time, is the time between making a reservation and arrival. It describes guest booking behaviour and is different from the maximum period a host…

  • Booking.com Bookings & distribution

    Booking.com is an online travel platform that offers hotels, homes, apartments and other accommodation. Vacation rental operators can use it as a booking channel while managing the…

  • Brand voice Marketing & discovery

    Brand voice is the consistent style and personality of a business's written communication. A recognisable voice should still make practical instructions easy to understand.

  • Broom clean Property operations

    Broom clean usually means swept and free of loose debris, rather than professionally cleaned or sanitised. Its meaning can depend on an agreement, so specific checkout expectations…

C

D

  • Damage waiver Policies, privacy & protection

    A damage waiver is an agreement limiting a guest's responsibility for specified damage, usually subject to a fee, limits and exclusions. It is different from a refundable secur…

  • Data minimisation Policies, privacy & protection

    Data minimisation means collecting and retaining only the personal information needed for a defined purpose. It encourages hosts to question unnecessary fields and limit access and…

  • Demand forecasting Pricing & revenue

    Demand forecasting estimates future booking demand using information such as historical reservations, booking pace, seasonality and local events. Hosts use forecasts to plan rates …

  • Depth of inventory Bookings & distribution

    Depth of inventory describes how much accommodation a business can offer, often within a specific property type or market. It helps managers assess whether they can serve demand fo…

  • Digital concierge Guest experience & communication

    A digital concierge gives guests digital access to information, recommendations or service requests. It may be a guidebook, messaging service or assistant; the term does not automa…

  • Digital guidebook Guest experience & communication

    A digital guidebook is an online resource containing practical stay information and local recommendations. Guests usually access it through a shared link, making it a convenient pl…

  • Direct booking Bookings & distribution

    A direct booking is made with the accommodation provider rather than through an intermediary marketplace. It can avoid OTA commission, although payment processing, website and mark…

  • Dynamic pricing Pricing & revenue

    Dynamic pricing adjusts accommodation rates as conditions change, such as demand, seasonality or remaining availability. It can be managed manually or with software and should oper…

E

  • Early check-in Guest experience & communication

    Early check-in is approved access before the standard arrival time. It may be free or a paid extra and depends on the property being ready; a request is not the same as confirmatio…

  • Ecotourism Property operations

    Ecotourism focuses on responsible travel in natural environments, with attention to conservation and local people. A rural location alone does not establish that an accommodation o…

  • Electronic lock Software & connected systems

    An electronic lock uses an electronic mechanism to control access, for example through a keypad or card. It is not necessarily internet-connected or remotely managed.

  • Emergency information Guest experience & communication

    Emergency information explains how guests can reach appropriate help and identify the property in an urgent situation. It should include accurate local contacts, the property addre…

  • Expedia Bookings & distribution

    Expedia is an online travel booking brand within Expedia Group, offering accommodation and other travel services. It is distinct from Vrbo, another brand in the group. Hosts should…

F

G

H

  • Homeowners association (HOA) Policies, privacy & protection

    An HOA is an organisation that manages certain shared interests and rules in a residential community. Its governing documents may restrict rentals or impose operational requirement…

  • HomeToGo Bookings & distribution

    HomeToGo is a vacation rental marketplace bringing together accommodation from multiple providers. A rental may be supplied through a partner or another listing arrangement, so hos…

  • Host damage protection Policies, privacy & protection

    Host damage protection is a platform programme that may reimburse eligible guest-caused damage under its terms. It is distinct from liability insurance and does not cover every los…

  • Houfy Bookings & distribution

    Houfy is a direct-booking marketplace for vacation rentals, helping travellers find properties and connect with hosts. Hosts should review its current listing, payment and connecti…

  • House manual Guest experience & communication

    A house manual explains how a property works, including appliances, heating, Wi-Fi, waste and access equipment. It usually focuses on practical property use, while a wider guideboo…

  • House rules Policies, privacy & protection

    House rules set expectations for using the property, such as smoking, visitors, pets and noise. They should be clear, available at the relevant booking stage and consistent with ap…

I

J

K

  • Key drop box Software & connected systems

    A key drop box is a container designed for returning keys without a face-to-face handover. Some systems also support authorised collection, but that function should not be assumed …

  • Key exchange Guest experience & communication

    Key exchange is the process of giving guests access to physical keys and arranging their return. It may involve a person, a collection point or secure key-storage equipment.

  • Keyless entry Software & connected systems

    Keyless entry lets guests unlock an entrance without a traditional metal key, for example using a code, card or mobile credential. Its security depends on configuration and access …

L

  • Last-minute availability Bookings & distribution

    Last-minute availability is accommodation still available shortly before arrival. Hosts can review price, stay restrictions and operational readiness rather than assume every gap n…

  • Late checkout Guest experience & communication

    Late checkout is approved departure after the standard checkout time. It may be complimentary or a paid extra, depending on availability and the host's policy. It should be con…

  • Lead guest Bookings & distribution

    The lead guest is the main contact for a stay or travelling party. They may coordinate group registration; their role does not mean they have supplied every traveller’s required in…

  • Listing Marketing & discovery

    A listing is the published description of accommodation on a booking platform or website. Its photos, amenities, rules and availability should accurately represent what guests can …

  • Live guest preview Software & connected systems

    A live guest preview shows how guidebook edits appear to the reader while the host works. It helps check clarity and layout before sharing the guide.

  • Local recommendations Guest experience & communication

    Local recommendations are suggestions for nearby places, services and activities relevant to guests. They are most useful when they include practical context and are kept up to dat…

  • Lockbox Software & connected systems

    A lockbox stores a physical key behind a lock, commonly opened with a code. It can support self-check-in, provided guests have clear directions and the host manages code changes an…

  • Low season Pricing & revenue

    Low season is a period of relatively weak visitor demand in a particular market. It can affect pricing, staffing and the availability of local services.

M

N

  • Net operating income (NOI) Pricing & revenue

    NOI is property operating income minus operating expenses, including property taxes where applicable. It excludes financing costs, income tax, depreciation and capital improvements…

  • Non-refundable rate Pricing & revenue

    A non-refundable rate is a price offered with restrictive refund conditions if the guest cancels. Payment timing is a separate condition, and platform exceptions or applicable law …

O

  • Occupancy limit Policies, privacy & protection

    An occupancy limit is the maximum number of people allowed under the relevant booking, property or regulatory conditions. Sleeping capacity and legally permitted occupancy are not …

  • Occupancy rate Pricing & revenue

    Occupancy rate is sold nights divided by available nights for the same inventory and period, multiplied by 100. State how blocked nights are treated so comparisons use the same den…

  • Offline access Software & connected systems

    Offline access allows previously saved content to be viewed without an internet connection. Availability depends on what was downloaded or cached; live chat, payments and external …

  • Online check-in Guest experience & communication

    Online check-in lets guests complete some arrival steps digitally, such as submitting required details or reviewing stay information. It does not necessarily unlock the property or…

  • Online travel agency (OTA) Bookings & distribution

    An OTA is an online intermediary through which travellers find and book accommodation or other travel services. Airbnb, Vrbo and Booking.com are commonly grouped within this distri…

  • Operating expenses Pricing & revenue

    Operating expenses are the recurring costs of running a property, such as cleaning, utilities, routine repairs, management and applicable property taxes. They are distinguished fro…

  • Operations Property operations

    Operations are the recurring tasks needed to run a rental business, including guest support, housekeeping, maintenance and coordinating arrivals. Good operations connect each task …

  • Orphan night Bookings & distribution

    An orphan night is an isolated unbooked night between reservations or blocks. Similar gaps can span several nights and may be difficult to sell under normal minimum-stay rules.

  • Overbooking Bookings & distribution

    Overbooking occurs when confirmed reservations exceed the accommodation available for the same dates. For an individual vacation rental, overlapping bookings create a fulfilment pr…

  • Over-improvement Property operations

    Over-improvement means spending on a property beyond what its market or business case is likely to support. A more expensive upgrade does not automatically produce a matching incre…

  • Owner portal Software & connected systems

    An owner portal gives property owners access to information supplied by their manager, such as reservations, statements or maintenance updates. The information visible depends on t…

  • Owner’s closet Property operations

    An owner's closet is a storage area reserved for the owner or team rather than guests. It is commonly locked and used for personal belongings, spare stock or operational equipm…

P

Q

  • QR code Software & connected systems

    A QR code is a scannable graphic that can open a link or other encoded information. In guest accommodation, it offers a quick route to a guidebook; a readable alternative link is u…

  • Quiet hours Policies, privacy & protection

    Quiet hours are specified times when guests are expected to limit noise. They should be communicated clearly and reflect any applicable building or local rules, rather than imply n…

R

  • Rate plan Pricing & revenue

    A rate plan combines a price with conditions such as cancellation terms, meal inclusions or minimum stay. Two prices for the same dates may therefore represent different offers.

  • Referral programme Marketing & discovery

    A referral programme rewards eligible recommendations that meet stated conditions. Touch Stay offers host-to-host and guest referral routes, with rewards tied to a referred host be…

  • Release days Bookings & distribution

    Release days is a context-dependent distribution term. It can refer to a deadline when unconfirmed allocated accommodation is returned to general sale. Some systems use similar lan…

  • Rental agreement Policies, privacy & protection

    A rental agreement sets out the terms between the accommodation provider and guest, including dates, payment, occupancy and use of the property. Its requirements and enforceability…

  • Rental yield Pricing & revenue

    Rental yield expresses rental income as a percentage of property value or purchase cost. Gross yield uses income before expenses; net yield deducts specified expenses. State the ca…

  • Repeat booking Marketing & discovery

    A repeat booking is a new reservation from a guest who has stayed before. It can arrive directly or through a booking platform and should not be confused with an extension of the c…

  • Reservation Bookings & distribution

    A reservation records accommodation held or booked for specified guests and dates. Systems may distinguish pending, tentative, confirmed and cancelled statuses, so the status matte…

  • Revenue management Pricing & revenue

    Revenue management uses demand, pricing, availability and distribution information to improve commercial performance. It considers the value of bookings and their costs, rather tha…

  • Revenue per available room (RevPAR) Pricing & revenue

    RevPAR is accommodation revenue divided by available room-nights for a period, or ADR multiplied by occupancy expressed as a decimal. For whole-property rentals, use a consistent r…

  • Review management Marketing & discovery

    Review management involves monitoring public reviews, responding appropriately and using feedback to improve service. Review requests should be fair and comply with each platform&#…

S

T

  • Task management Property operations

    Task management organises work by recording what needs doing, who owns it and its status. In rentals, tasks may come from planned housekeeping, maintenance schedules or guest-repor…

  • Total price Pricing & revenue

    Total price is the full amount payable for a defined booking or purchase, including the applicable compulsory charges on the stated basis. Optional extras should be identified sepa…

  • Turn-key vacation rental Property operations

    A turn-key vacation rental is marketed as ready to operate, usually with furnishings and essential systems in place. The label does not replace checks on condition, permissions, co…

  • Turnover Property operations

    In rental operations, turnover is the process of preparing a property after one stay and before the next. It can include cleaning, linen changes, replenishment, inspections and con…

U

  • Underbooking Bookings & distribution

    Underbooking is an informal term for bookings below a property's target or expected demand. It describes a result rather than a single cause; pricing, visibility, restrictions …

  • Unified inbox Software & connected systems

    A unified inbox brings messages from supported channels into one workspace. Coverage depends on the connected channels, and teams still need clear responsibility for replies and fo…

  • Upsell conversion rate Pricing & revenue

    Upsell conversion rate measures the share of a defined audience that completes a specified extras-purchase action. Identify the audience and whether orders are requested, accepted …

  • Upselling Pricing & revenue

    In vacation rental usage, upselling commonly means offering optional paid upgrades or extras that add to a stay. Strictly, selling an additional product is cross-selling, while an …

V

  • Vacancy rate Pricing & revenue

    Vacancy rate is the share of available accommodation nights that remain unsold during a period. With the same inventory basis, it equals 100% minus occupancy rate.

  • Vacation rental Property operations

    A vacation rental is accommodation, such as a house or apartment, offered for temporary stays. It may be professionally managed or hosted by an owner, and local rules determine the…

  • Vrbo Bookings & distribution

    Vrbo is an Expedia Group vacation rental booking brand. It connects travellers with holiday accommodation and serves as a distribution channel for rental owners and managers. Hosts…

W

  • Webhook Software & connected systems

    A webhook sends an event notification from one system to another when something happens. Unlike a scheduled check for updates, it is triggered by an event; delivery failures still …

  • Welcome book Guest experience & communication

    A welcome book brings together information guests need about their accommodation and surroundings. It may be printed or digital and can include contact details, house instructions …

  • Workflow automation Software & connected systems

    Workflow automation uses software to carry out a sequence of tasks when defined conditions are met. It may use fixed rules, AI or both; automation alone does not imply artificial i…

Y

  • Yield management Pricing & revenue

    Yield management aims to earn more from limited, perishable accommodation inventory by adjusting price and booking conditions as demand changes. Revenue management is broader and c…

Z