Vacation Rental Glossary

A business strategy where someone rents a property long-term and then subleases it on Airbnb or similar platforms for short-term stays to earn a profit.

Airbnb is a major online travel agency (OTA) that connects travelers with property owners offering short-term rentals.

The features and conveniences that enhance guest comfort in a short-term rental, from essential items like Wi-Fi to luxury additions like hot tubs.

Average Daily Rate (ADR) is the average revenue earned per booked night at your property. It's a fundamental metric that shows your true nightly rate performance over time.

The number of days between when a guest makes a reservation and their actual check-in date.

The practice of posting your vacation rental on multiple platforms, such as Airbnb, Vrbo, and Booking.com, to increase visibility and bookings.

The practice of posting your vacation rental on multiple platforms, such as Airbnb, Vrbo, and Booking.com, to increase visibility and bookings.

Dynamic pricing is a revenue strategy that typically automates rate adjustments based on market conditions like demand and seasonality, helping you maximize earnings instead of using fixed prices.

Online Travel Agency (OTA). A formal industry term for booking platforms like Airbnb and Vrbo that connect guests with hosts while handling all aspects of the reservation process, from discovery to payment.

A major short-term rental (STR) marketplace specializing in whole-home rentals and vacation properties, Vrbo (originally "Vacation Rentals by Owner") is one of AirDNA's primary data sources.