Question 1

What does OTA mean in short-term rentals?

Accepted Answer

Online Travel Agency; platforms like Airbnb, Vrbo, and Booking.com that list properties for rent.

Question 2

What does RENTAL ARBITRAGE mean in short-term rentals?

Accepted Answer

Rental arbitrage involves leasing properties long-term with landlord permission to then sublease them as short-term rentals on platforms like Airbnb.

Question 3

What does CO-HOSTING mean in short-term rentals?

Accepted Answer

Co-hosting is a short-term rental strategy where individuals manage properties on behalf of owners, often for a percentage of the revenue.

Question 4

What does DIRECT BOOKING mean in short-term rentals?

Accepted Answer

Direct booking refers to securing reservations directly through a property owner's or manager's website, bypassing Online Travel Agencies (OTAs).

Question 5

What does DIRECT BOOKINGS mean in short-term rentals?

Accepted Answer

Direct bookings are reservations made through a host's own website, bypassing Online Travel Agencies (OTAs) like Airbnb or Booking.com.

Question 6

What does FIRE mean in short-term rentals?

Accepted Answer

FIRE (Financial Independence, Retire Early) is a movement focused on aggressive saving and investing to achieve financial freedom and retire much earlier than traditional retirement age.

Question 7

What does SUPER PROPERTY mean in short-term rentals?

Accepted Answer

A 'super property' is a short-term rental designed to stand out in the market by offering unique, aspirational amenities and experiences that fill identified market gaps, making it highly marketable and profitable.

Question 8

What does GUEST AVATAR mean in short-term rentals?

Accepted Answer

A specific profile or persona of the ideal traveler a host targets, which dictates the property's design, amenities, and marketing strategy.

Question 9

What does CORPORATE HOUSING mean in short-term rentals?

Accepted Answer

Corporate housing refers to furnished apartments or homes leased by companies for their employees who are on temporary assignments, relocation, or extended business travel.

Question 10

What does MTR mean in short-term rentals?

Accepted Answer

Mid-Term Rental; typically refers to furnished stays lasting 30 days to several months, often catering to traveling professionals or corporate relocations.

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