Everything to be a proper host
Glossary for Hosts: From A to Z
Whether you're a novice host or an experienced property manager, here you'll find everything you need to know about the world of short-term rentals. From A for Airbnb to Z for Zero Waste, we've compiled terms, acronyms, tools, and regulations to help you navigate your way around (without getting overwhelmed among a thousand forums and unclear rules).
Each entry is accompanied by a clear and concise explanation, supplemented with practical examples and relevant references as needed. The glossary is designed to be consulted quickly, even while you're responding to a guest or setting up your PMS.
🔎 Looking for a specific word? Press Ctrl + F (or Cmd + F on Mac) and type in the term you need: you'll find the explanation right away, without the slightest effort. Happy reading and happy managing!
A
- Accessible accommodation: a facility without architectural barriers, suitable for people with motor disabilities.
- Agritourism: accommodation in a rural setting, often with catering and rural activities. Must comply with specific regional requirements.
- Airbnb: a short-term rental platform founded in 2008 in San Francisco by Brian Chesky, Joe Gebbia, and Nathan Blecharczyk. Born from a simple idea — renting an inflatable mattress in your living room — it has become one of the world's leading sites for vacation rentals and alternative accommodations. On Airbnb, you can post listings, manage bookings, receive reviews, and access valuable tools to simplify your hosting business, even from your mobile device.
- Airbnb Experiences: local activities offered by hosts or partners on Airbnb (e.g., tours, tastings, courses). If you have specific skills or live in an interesting area, you can offer them as an additional source of income.
- Airbnb Luxe: Airbnb's premium section for luxury accommodations, featuring high standards and additional services, such as a concierge or private chef.
- Airbnb Services: features launched by Airbnb in the Summer Release 2025 that allow guests to book professional services directly during their stay, such as private chefs, massages, personal trainers, styling, manicures, and other treatments.
- AirCover: free coverage offered by Airbnb to all hosts to protect you from damage caused by guests during stays booked through the platform. It includes protection against damage to furniture, appliances, or property, as well as liability coverage up to $1 million. It does not replace private insurance, but is an additional layer of security built into every booking.
- Amenities/services: facilities offered to guests, including Wi-Fi, air conditioning, an equipped kitchen, and parking, can significantly impact the choice.
- API connection: advanced integration between your management system and booking platforms. It allows for more stable data exchange than iCal. Smoobu offers API connections with popular portals, including Airbnb and Booking.com.
- Assistant accounts: a Smoobu feature that allows you to create custom profiles with limited access to your account information. You can share them with cleaners, partners, or owners, assigning only relevant data to each (e.g., check-in/check-out). Useful for collaborative and secure management of one or more accommodation facilities, especially if you are a property manager.
- Atraveo: former vacation rental portal integrated into TUI Villas. Offers international visibility, especially in the German market.
- Automatic blocks: a PMS tool (such as Smoobu) that synchronizes calendars across different platforms to avoid overbooking. Essential if you rent on multiple portals.
B
- Backpacking: traveling with a backpack, often on a tight budget and with flexibility. Backpackers seek affordable and authentic accommodations, such as shared rooms and apartments located in the heart of the city.
- Base rate/fee: the price per night, without any extras or discounts applied. This is the starting point for calculating dynamic rates.
- Bed & breakfast: family-run accommodation offering lodging and breakfast. Unlike short-term rentals, it has specific rules and requirements, such as the owner's presence during the stay.
- Billing solution: a system that automatically generates electronic invoices or receipts, offered by some management systems, such as Smoobu. Useful for those with a VAT number or managing multiple properties.
- Blocked dates: days when you decide not to accept bookings (for personal use, maintenance, or other reasons). It is essential to update them in your calendars to avoid unwanted requests.
- Booking Engine: a system integrated into the accommodation's website that allows guests to book directly without going through external platforms. It will enable you to save on commissions. It can also be called a "reservation engine.".
- Booking fee: costs applied by the platform or payment system at the time of booking. It can be charged to the host, the guest, or split between the two.
- Booking tool: also known as a booking engine, this is a tool that allows guests to choose dates, number of people, and complete a booking. It can be integrated into the website.
- Booking volume: total number of bookings received in a given period. Monitoring this helps you evaluate the effectiveness of your pricing and promotion strategies.
- Booking window: the time interval between the booking and the arrival date. Monitoring it helps you understand how far in advance your guests book, and you can adjust prices and promotions accordingly.
- Booking.com: online booking platform founded in the Netherlands in 1996, now one of the most widely used in the world for hotels, vacation rentals, and tourist accommodations. On Booking.com, you can publish listings, manage availability and prices, receive reviews, and collect payments. It is highly regarded by international travelers and those looking for last-minute stays.
- Boutique hotel: a small, carefully designed, and often themed establishment. It focuses on a personalized experience and serves as a valuable source of inspiration for high-end vacation rentals.
- Branding/brand identity: everything that defines the identity of your accommodation, such as name, logo, visual style, tone of voice, and reviews. Good branding helps you stand out and build trust.
- Break-even occupancy: the minimum occupancy rate needed to cover all costs and start generating profit. Calculating this helps you set realistic goals and pricing strategies.
- Business activity: continuous management of short-term rentals and additional services. Requires a VAT number and specific tax obligations.
- Business travel: a segment of guests traveling for work. They require fast Wi-Fi, a desk, billing, and often flexible check-in. A target not to be underestimated.
C
- Calendar synchronization: a connection between different portals to automatically update availability and bookings. This can be done via iCal or API. It reduces the risk of overbooking.
- Camping: outdoor accommodation offering space for tents, campers, and trailers, often with shared facilities. Different regulations govern short-term rentals.
- Cancellation policies: rules that define the timing and conditions for canceling a reservation. They can be flexible, moderate, or strict. They must always be clearly communicated and respected by both parties.
- Carbon monoxide detectors: The Smoke and Carbon Monoxide Alarm (Amendment) Regulations 2022 stipulate that all social housing and rental properties in England and Wales must have working smoke and carbon monoxide (CO) alarms installed.
- Casevacanza.It: Italian portal specializing in short-term tourist rentals. It is part of the Feries group and is mainly aimed at a national audience. It offers visibility for apartments, villas, beach houses, and mountain homes. Ideal for attracting Italian travelers.
- Channel Manager: a tool (often integrated into a management system such as Smoobu) that synchronizes prices, availability, and bookings across multiple portals, avoiding overbooking and saving time.
- Check-in/check-out: key moments of the stay: the arrival and departure of guests. You can manage them in person or independently with smart locks or key boxes.
- Check-in/check-out times: official time slots for guest arrival and departure. These must be clearly communicated to ensure coordination of cleaning and logistics. You can offer flexibility as an extra service: early check-in and late check-out.
- Cleaning checklist for vacation rentals: a detailed list of cleaning tasks to be performed between stays. It helps maintain high standards of cleanliness and improve collaboration with the cleaning team.
- Commercial license: authorization required to carry out an economic activity. In short-term rentals, it may be necessary in some regions or municipalities, especially if you offer services similar to those of a hotel.
- Concierge service: support offered to guests for reservations, information, or special requests. It can be managed directly by the host, a local partner, or an external "conciergerie" that assists with the management of the accommodation.
- Conversion rate: the percentage of visitors who make a booking after viewing the listing. Improving it means optimizing photos, description, price, and reviews.
- Corporate Income Tax: A direct tax imposed on the net income or profit of corporations. If you manage your rentals through a limited company, you are subject to this tax. In the UK, this is called Corporation Tax and is paid to HM Revenue and Customs (HMRC). In the US, this is known as Corporate Income Tax and is paid to the Internal Revenue Service (IRS), with state-level taxes often applying as well.
- Credibility/trust badge/'verified': symbols or labels that certify the reliability of a host or accommodation (e.g., verified profile, Superhost, certified property). They increase guest confidence.
- Cross-selling: a technique to increase the value of each booking by offering extra services or complementary products (e.g., transfers, local tours, breakfast, bike rental). You can offer them during the booking process, via email, or through automated messages.
D
- Deposit: sum paid in advance by the guest as a guarantee. It may be retained in the event of late cancellation or no-show, as specified in the contract. Also refers to a portion of the amount paid at the time of booking, which may or may not be refundable, depending on the chosen policy.
- Digital detox: a travel trend where guests choose accommodations without Wi-Fi or with limited connection to "unplug" from technology. If your property is surrounded by nature or in a quiet setting, this can be an added value.
- Digital marketing: online strategies to promote your tourist accommodation: website, social media, email marketing, SEO, sponsored ads. It is essential for increasing direct bookings and reducing dependence on OTAs.
- Direct booking website: proprietary website that allows guests to book without going through external platforms. It helps you save on commissions and build an independent online presence.
- Direct bookings: bookings received through your website, social media, email, or phone, without going through OTAs. They allow you to avoid commissions and have a more direct relationship with the guest.
- Discount coupon/promo code: a strategy to encourage direct bookings or reward regular customers. Also useful for seasonal marketing campaigns.
- Disintermediation: a strategy for receiving direct bookings without going through portals (OTAs). It allows you to save on commissions and have a more direct relationship with the guest.
- Dynamic Pricing: a strategy that automatically adjusts prices based on factors such as demand, competition, seasonality, or events. It can be automated with tools integrated into management systems such as Smoobu.
E
- Electronic invoice: a digital invoice, mandatory for those with a VAT number (except for exemptions).
- Electronic lock/smart lock: a digital device that allows the accommodation to be opened with a code, app, or badge. It is a valuable tool for securely managing self-check-in. Smoobu integrates with various partner solutions to facilitate autonomous arrival at vacation rentals.
- Email marketing: a strategy for staying in touch with former guests or potential customers through newsletters or targeted campaigns. You can use it for promotions, discounts, seasonal offers, or to encourage direct bookings.
- Energy Performance Certificate (EPC)/Home Energy Score: A document that rates a property's energy efficiency. In the UK, an EPC is legally required when a property is built, sold, or rented. It uses a rating scale from A (most efficient) to G (least efficient). The US has no single federal equivalent. The closest is the Home Energy Score, a 1-10 rating system used in certain cities and states to assess a home's energy use before it's sold.
- Entire property (vs. individual units): when you rent the whole property (e.g., a house, villa, or entire apartment) and not just a part of it, such as a private or shared room. This is an essential distinction on platforms because it changes guest expectations, the type of privacy offered, and often the applicable local regulations. If you manage multiple units in the same building (e.g., separate apartments), you can choose whether to rent them individually or as a single property.
- Experience package: an offer that combines a stay with an extra activity (e.g., tour, tasting, cooking class). It can be managed directly or through local partners. It is an effective way to stand out and increase perceived value.
- Expedia: an online booking portal founded in the United States in 1996, now part of a group that also includes Vrbo, Hotels.com, and other travel brands. On Expedia, you can promote your vacation rental to an international audience, particularly in North America.
- Extended stay: a request by the guest to extend their stay beyond the booked dates. This can generate extra income if handled flexibly.
- Extranet: a private area for hosts on Booking.com, where you can manage listings, prices, availability, and communications.
- Extras (additional paid services): optional services you can offer guests, such as extra cleaning, bike rental, breakfast, early check-in, or late check-out. They can increase your earnings and improve the guest experience.
F
- Facial recognition: technology used for automatic check-in, verifying the guest's identity with a selfie and ID. Increasingly widespread, but must be used in compliance with the GDPR. Some Smoobu online check-in integrations use this new technology.
- FAQ: frequently asked questions from guests (e.g., schedules, rules, included services). You can create an information section in your guest guide where you answer the most common questions in advance, reducing repetitive messages and improving communication.
- Filters: search tools used by guests to find their ideal accommodation (e.g., Wi-Fi, pet-friendly, self-check-in). Optimizing your listing to appear in the most commonly used filters can increase bookings.
- Fixed costs: recurring expenses that you incur regardless of bookings: rent, mortgage, utilities, internet, insurance, cleaning, etc. It is essential to track these metrics accurately to assess profitability.
- Flat-rate regime: a preferential regime for those with a VAT number and revenues below €85,000 per year. It has a fixed rate of 15% (or 5% for new businesses) and simplifications on VAT and compliance.
- Flexible cancellation: a cancellation policy that allows guests to cancel without penalty up to a few days before arrival. Attracts more bookings but exposes you to a greater risk of last-minute cancellations.
- Food and wine tourism: a form of tourism focused on wine, local cuisine, and typical products. Increasingly popular in short-term rentals, especially when promoted through authentic experiences.
- Forecasting: analysis of historical data and trends to predict future occupancy, revenue, and demand. It helps you make strategic decisions about pricing, promotions, and investments.
- Full occupancy: a situation where your calendar is fully booked for a specific period. This is a goal to achieve, especially in high season.
G
- Glamping: a combination of "glamour" and "camping." Luxury camping with facilities such as safari tents, geodesic domes, or tree houses, equipped with modern comforts. Increasingly in demand by those seeking experiences in nature without sacrificing comfort.
- Global exposure: the visibility you get by posting your listing on international portals such as Airbnb, Booking.com, or Expedia. It increases your chances of receiving bookings from international guests.
- Google Analytics: a free data analysis tool for monitoring visits to your website. It helps you understand where users come from, which pages they visit, and how to improve your direct booking strategy.
- Governing authorities: the local and national government bodies that regulate short-term rentals. In the US, this typically includes city, county, or state offices responsible for zoning and permits, as well as federal tax agencies such as the IRS. In the UK, these are primarily the local council for planning and safety regulations, and HMRC (His Majesty's Revenue and Customs) for taxes. It is essential to identify and contact the relevant authorities to obtain all necessary licenses, permissions, and registrations.
- Gross/net amount: the gross amount is the total collected from a booking before deductions or expenses. The net amount is what you actually receive after deducting commissions, taxes, and other costs.
- Guest accommodation: temporary accommodation offered by an owner who grants the property to a company (tenant), which allocates it to its employees or collaborators for transitional periods.
- Guest Communication: a fundamental aspect of hospitality. Responding clearly, quickly, and courteously improves reviews and the listing's visibility. With Smoobu, you can automate communication with guests, ensuring that they always receive the correct information at the right time.
- Guest experience: encompasses everything that affects satisfaction with the stay, including cleanliness, hospitality, communication, comfort, and amenities. Improving the experience means getting better reviews and more bookings.
- Guest feedback: reviews left after the stay. They influence the reputation of your listing, its visibility on portals, and the booking decisions of future guests. Responding professionally is always good practice.
- Guest Guide: a printed or digital manual with helpful information about the accommodation (Wi-Fi, rules, contacts) and tips about the area (restaurants, transport, attractions). It enhances the guest experience and reduces the frequency of frequently asked questions.
- Guest house: accommodation offering furnished rooms with essential amenities, often on a self-service basis.
- Guest review score: average score of reviews received on a platform. A high score improves the visibility of the listing and user confidence.
- Guest safety: a set of measures to protect guests: smoke and carbon monoxide detectors, fire extinguishers, secure locks, and emergency instructions. Mandatory in many regional regulations.
H
- HACCP (Hazard Analysis Critical Control Points): a mandatory system for those who serve food, including in hospitality settings. If you offer breakfast to your guests (e.g., in a bed and breakfast), you must follow HACCP rules to ensure food hygiene and safety.
- High season: period of peak demand (e.g., August or holidays). Higher prices and high occupancy rates.
- Home staging: a real estate enhancement technique that consists of strategically arranging and furnishing a property to make it more attractive in photos and during visits. Helpful in increasing booking rates and perceived value.
- HomeToGo: a search engine for vacation rentals founded in Germany in 2014. It functions as a comparison site, aggregating millions of listings from vacation rental platforms, including Booking.com, Vrbo, and CaseVacanza.it, as well as other specialized sites. For hosts, HomeToGo represents an additional channel of visibility, especially useful for attracting guests who search and compare multiple options in a single search.
- Hospitality: the broad concept of welcoming and caring for guests, which goes beyond simple technical management. It includes empathy, attention to detail, and quality of service. It is what transforms an ordinary stay into a memorable experience.
- Host: someone who provides accommodation for short stays. They can be a private individual or a professional, and manage one or more properties. The host's role includes welcoming guests, communicating with them, maintaining cleanliness, and adhering to local regulations and guidelines.
- Host profile: your identity on booking platforms. It consists of photos, a description, spoken language, and the level of experience. A well-maintained profile inspires trust and improves conversions.
- Host rating: the average score received by hosts on platforms based on reviews, response rate, accuracy of the listing, and quality of the stay. It affects visibility and guest trust.
- House rules: guidelines to be followed during your stay, including quiet hours, no smoking, and access to common areas. They must be clear and easily accessible to avoid misunderstandings.
- Housekeeping: managing the cleaning and tidying of the accommodation between stays. This can be done internally or outsourced to an external provider, and must be organized precisely to avoid delays in check-in.
I
- iCal connection: a simple system for synchronizing calendars between different platforms. Helpful in avoiding overbooking, but less accurate than API integration.
- Identity document: each guest must present a valid document upon arrival, to be registered via Alloggiati Web. Some platforms also require online identity verification.
- Identity verification: the process by which platforms such as Airbnb or Booking.com confirm the guest's identity (document, selfie, tax information). It increases security and may be a requirement for activating instant booking.
- Inn: a traditional, often family-run accommodation facility offering lodging and meals. In some regions, it is still regulated by specific rules, similar to those for hotels or guesthouses.
- Instant booking: a mode in which guests can book without having to wait for the host's approval. It increases visibility and conversion, but requires a constantly updated calendar.
- Interactive maps: digital tool (e.g., customized Google Maps) that you can share in your guest guide to indicate attractions, restaurants, and transportation. It improves the experience and reduces requests.
- Interhome: European portal founded in Switzerland in 1965, specializing in tourist rentals. Since 2025, it has been part of the HomeToGo group, offering a selection of vacation homes throughout Europe, with a strong presence in the German and Swiss markets.
- International guests: travelers from abroad. They require clear communication in English (and other languages such as German, French, and Spanish), as well as practical information (including transportation and self-check-in). They often prefer digital payment methods.
- Invoice: a tax document certifying the sale of a service, mandatory if you rent with a VAT number or if the guest requests an invoice. It must include complete details, the amount, and a description of the service.
K
- Key box: a device with a numerical or electronic combination that allows guests to collect their keys independently, without direct contact. It is a convenient solution for self-check-in, particularly for late arrivals.
- KPI (Key Performance Indicator): performance indicators that help you monitor the progress of your business. For example: occupancy rate, average revenue per night, average review score, and response rate.
L
- Last-minute offer: discount or promotion applied to upcoming available dates to increase last-minute bookings. It can be activated manually or automatically with dynamic pricing.
- Laundry (service): an additional valuable service for guests staying for several days or for families. It can be internal (washing machine/dryer) or external, with pick-up and delivery. This should be clearly stated in the listing.
- Liability insurance: insurance coverage for any damage caused to third parties (guests, neighbors, suppliers) during the stay. Some platforms offer included protection, but it is advisable to have a specific policy.
- Linen and cleaning: essential services to be provided to every guest (sheets, towels, and clean accommodation). You can manage these yourself or entrust them to an external team.
- Listing: online listing of your accommodation on portals such as Airbnb or Booking.com. It must be complete, accurate, and well optimized. It can also be called an "advertisement.". It is also synonymous with advertisements, published on a platform or portal, containing photos, descriptions, availability, and rates.
- Listing content: texts, photos, descriptions, and titles that make up your listing on a platform. Optimizing them improves visibility and conversions.
- Local host: a host who lives in the same area as the accommodation and can offer direct support, personalized advice, and a warm welcome in person. This can be a competitive advantage over self-management.
- Local market: the geographical and tourist context in which your property operates. Knowing this helps you define your target audience, understand seasonality, determine prices, and identify opportunities for collaboration with local businesses.
- Local regulations: municipal or regional regulations that may restrict, authorize, or regulate short-term rentals. These may include restrictions on rental duration, areas, licenses, and specific obligations. Always check the regulations in your area before starting your business.
- Local tourist office: an organization or information point that promotes tourism in the area. It can provide useful material, maps, events, and attendance data. Collaborating with the local office helps to enhance your property.
- Local/municipal/regional restrictions: regulations governing where, how, and for how long you can rent a vacation home. Some states or counties may have restrictions to protect the residential market. It is essential to research these aspects before starting a short-term rental business.
- Long-term rental: a rental contract with a duration of more than 30 days, often renewable. It is not subject to the same rules as short-term rentals, but can be an interesting alternative for low season or extended stays.
- Loved by guests: label that Airbnb assigns to listings with excellent reviews, quick response, and high-quality standards.
- Low season: periods of the year with lower tourist demand (e.g., winter months or outside school holidays). Lower rates and targeted strategies are typically applied to attract guests.
- Luggage storage: a service that allows guests to leave their luggage before check-in or after check-out. It can be offered independently, via a secure locker, or in collaboration with external services such as LuggageHero or Nannybag, which can be integrated with Smoobu. You can easily promote them in the digital guest guide, making the experience more convenient and professional.
M
- Maximum capacity: maximum number of guests allowed in the property, based on regulations and available space. This must be clearly stated in the listing.
- Message templates: predefined templates to manage communication with guests quickly and consistently (e.g., booking confirmation, check-in information, post-stay review). These are especially useful when automated via management software such as Smoobu.
- Minimum price: the lowest rate you are willing to accept per night. It can be set to protect profitability even in the event of automatic discounts or last-minute promotions.
- Minimum stay: the minimum number of nights required for a booking. You can set this based on the season, management costs, or your profitability strategies.
- Moderate cancellation: a middle ground between flexible and strict: guests can cancel free of charge up to a certain number of days before check-in. It offers a good balance between protection and attractiveness.
- Multi-calendar: unified display of availability across multiple properties, which is proper if you manage multiple properties. It allows you to have a clear overview and quickly intervene on dates, rates, and restrictions.
N
- National Statistics Office/U.S. Census Bureau: The primary government agency responsible for collecting and publishing official statistics on the population, economy, and society, including tourism data. In some areas, hosts may be required to submit data on guest stays to these bodies.
- National Tourism Authority: The primary government body responsible for setting national tourism policy and promoting the country as a travel destination. In the United Kingdom, Tourism policy is handled by the Department for Culture, Media and Sport (DCMS). The national tourism agency responsible for promotion is VisitBritain (for international visitors) and VisitEngland (for domestic tourism).In the United States, there is no single federal ministry of tourism. State and local governments handle regulation.
- Net rate: price of the accommodation net of commissions applied by the portal or partner.
- Net revenue: your actual earnings after deducting commissions, taxes, and fixed costs. Keeping track of this helps you evaluate your property's performance.
- Nighttime quiet hours: often stipulated in condominium regulations or vacation rental rules. This should be specified to avoid disturbances and potential problems with neighbors.
- No show: a situation where the guest does not show up and does not cancel the reservation. This can have implications for revenue, cancellation policy, and availability calendar.
- Non-refundable/strict cancellation: a policy that does not provide refunds in the event of cancellation. Safer for the host, but may discourage some bookings.
O
- Occupancy rate: percentage of nights occupied compared to the total available in a given period. It is a key indicator for monitoring business performance and optimizing prices and strategies.
- Online check-in: a procedure that allows guests to register their details before arrival by filling out a digital form or uploading their ID. It helps you save time, speeds up the check-in process, and ensures compliance with legal requirements.
- Online reputation: Guests' perception of your property, influenced by reviews, photos, communication, and transparency. Maintaining it is essential for getting more bookings.
- Online visibility: how easy it is to find your property on search engines and platforms. It depends on SEO, presence on OTAs, social media, reviews, and marketing strategies.
- OTA (Online Travel Agency): online short-term rental portals that connect hosts and travelers (e.g., Airbnb, Booking.com, Expedia). They offer global visibility, management tools, and integrated payment systems in exchange for a commission.
- Overbooking: a management error that leads to receiving multiple bookings for the same date. It can damage the host's reputation. It can be easily avoided with a channel manager and a synchronized calendar.
- Overtourism: a phenomenon of tourist overcrowding that negatively impacts cities, residents, and the environment. Some locations respond with restrictions on short-term rentals. Being aware of this issue is essential for sustainable management.
P
- Passive income: income generated from an activity not directly related to time worked. Short-term rentals can become a form of passive income if they are well-organized and automated.
- Payment methods: accepted payment methods for the reservation include card, bank transfer, and cash. It is essential to clarify these before arrival, especially for direct bookings. With a management system like Smoobu, you can set up multiple automated payment methods through integrations with providers like Stripe or PayPal, simplifying management and reducing errors.
- Payments/payment gateways: tools for receiving online payments in a secure and traceable way (e.g., Stripe, PayPal). With a management system like Smoobu, you can integrate various payment gateways to automate payments, deposits, and balances, including those for direct bookings.
- Pension: traditional accommodation with rooms and meals included, similar to a small hotel. Today, it is less common, but the term may appear in regional regulations or classifications.
- Performance: measurable results of your business (e.g., occupancy rate, revenue, reviews). Monitoring performance helps you understand what works and where to improve.
- Personal Income Tax: A tax levied on an individual's wages, salaries, and other forms of income, including earnings from renting out property. It is typically progressive, meaning tax rates increase as income increases. UK: This is known as Income Tax and is administered by HMRC. US: Known as Personal Income Tax, it is collected by the IRS at the federal level, and also by most state governments.
- Pet-friendly accommodation: a property that welcomes pets. Adding this option to your listing can improve visibility and attract guests traveling with dogs or cats.
- Portal commission: percentage retained by OTAs on each booking. It can vary from 3% to 20% depending on the platform and settings.
- Portal/platform/booking site: sites where you can publish your listing to receive bookings (e.g., Airbnb, Booking.com, Expedia). Each portal has different rules, commissions, and targets. Using them strategically is essential.
- Preferred Software Partner: a label assigned by Airbnb to management software that meets high technical and support standards. Smoobu, for example, is a preferred partner, a guarantee of reliability and compatibility.
- Premier Connectivity Partner: recognition by Booking.com for channel managers and management systems that offer advanced technical integration, stability, and comprehensive functionality. Smoobu falls into this category.
- Preventive maintenance: Scheduled interventions to prevent breakdowns or problems during stays (e.g., regular checks on boilers, air conditioning, and locks). Prevents unexpected events and improves the guest experience.
- Price management: a strategic activity that includes setting base rates, seasonal discounts, dynamic pricing, and offers. Essential for optimizing occupancy and earnings.
- Private tours: personalized experiences (cultural, food and wine, outdoor) organized for individual guests or small groups. They can be offered directly or through local partners.
- Private transfers: transportation service to/from airports, stations, or attractions. This can be managed internally or offered through external partnerships.
- Professional photos: high-quality images that enhance your accommodation. A listing with professional photos receives more views and conversions.
- Promotion/discount/special offer: tools to encourage bookings during strategic periods. They can be applied to individual dates, extended stays, or regular customers.
- Promotional rate: a temporary discount applied to encourage bookings. Practical in the low season, for unsold dates, or to launch a new property.
- Property manager: a professional who handles the operational management of one or more short-term rental properties, often on behalf of owners. They may work with or without a VAT number, depending on their status and volume of business. They are usually also referred to as "property managers," especially in the tourism sector, and are defined as professionals who manage one or more properties on behalf of their owners, handling bookings, cleaning, communication, marketing, and ensuring regulatory compliance.
- Property Management System (PMS): management software that centralizes all operational activities: bookings, calendar, communications, collections, and statistics. Smoobu is an example of a complete PMS for short-term rentals.
- Property name: an essential element for branding. Choosing it carefully helps make you recognizable, improve your online positioning, and facilitate word of mouth.
- Property portfolio: a set of rental properties managed by a host or property manager. The more diversified the portfolio, the more you need a professional system to manage it effectively.
- Property unit: the accommodation or portion of a building intended for short-term rental. It can be an apartment, a detached house, a private room, or a tiny house. It must always be uniquely identified in documents and communications.
R
- Rate of return: the ratio between net earnings and the investment made (purchase, renovation, management). It measures the profitability of the business.
- Ratings: the scores left by guests after their stay. They cover aspects such as cleanliness, communication, location, and value for money. An excellent average rating enhances the listing's visibility and boosts the confidence of future guests.
- Recycling: a waste disposal system that requires the separation of paper, plastic, glass, organic waste, and unsorted waste. More and more guests (especially international ones) expect clear instructions on how to do this correctly during their stay.
- Regular guests: repeat customers who book multiple times over time. It is helpful to retain them by offering discount codes, upgrades, or small welcome gestures. They contribute to income stability.
- Remote management: remote control of the vacation rental using digital tools: self check-in, home automation, channel manager, video surveillance (where permitted). Ideal for those who do not live near the property.
- Rental agreement: a document that regulates the relationship between host and guest, especially in the case of direct rentals. It can be short and simplified, but it must always be signed if you are not using a portal.
- Reservation management: a set of activities necessary to receive, confirm, modify, or cancel reservations. It can be manual or automated through a property management system (PMS), and also includes communication with guests.
- Reservation request: a method whereby the guest sends a request, and the host must accept it manually. It offers greater control but can reduce conversion compared to instant booking.
- Resort: accommodation with numerous services included (swimming pool, spa, catering, activities). Vacation rentals can also take inspiration from the resort model by offering packages or experiences.
- Response rate: percentage indicating how many requests or messages you respond to within a specific time (e.g., on Airbnb or Booking.com). A high rate increases the visibility of your listing.
- Revenue management: strategic price management to maximize revenue and occupancy. It includes demand analysis, dynamic pricing, seasonality, and guest behavior. On Smoobu, it can be automated with integrated tools.
- Review: a written evaluation that guests leave after their stay. It directly impacts your reputation and visibility. It is essential to respond politely, even to negative reviews, to show professionalism.
- ROI (return on investment): an indicator that measures the profitability of the business in relation to the costs incurred (e.g., purchase, renovation, management). Calculating the ROI helps you understand if and how much a short-term rental is worthwhile.
- Room rental: renting a single room within a shared house or apartment. This is different from renting the entire property and may have specific rules and expectations.
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- Safety requirements: mandatory or recommended equipment such as fire extinguishers, smoke detectors, first aid kits, and carbon monoxide detectors. In addition to being required by many regional regulations, they convey confidence to guests.
- Seasonal rental: a form of temporary rental linked to a period of the year (e.g., summer, ski season). It has a duration of more than 30 days but is not intended for permanent residence. It requires a written contract but does not need to be registered with Alloggiati Web.
- Seasonal rate: price set according to the time of year. Typically higher in high season and lower in periods of lower demand. It is part of an effective pricing strategy.
- Seasonality: variation in tourist demand based on the time of year. Impact rates, minimum stays, and promotional strategies.
- Security deposit/bond: an amount temporarily blocked or collected from the guest as a guarantee against any damage. It is refunded if everything is in order after check-out.
- Self-check-in: a contactless check-in method, often accessed via a safe deposit box, electronic lock, or digital codes. Increasingly popular with independent guests or those arriving at flexible times. It is an autonomous arrival method that does not require direct contact with the host, which can be accessed via a key box, smart lock, or digital code.
- SEM (Search Engine Marketing): an online marketing strategy that includes paid advertising on search engines (such as Google Ads). It serves to increase the visibility of your website or ad.
- SEO (Search Engine Optimization): optimization of content to improve positioning in organic search engine results. Essential for attracting direct bookings from the website.
- Service provider: someone who supports you in managing your vacation rental: cleaning, laundry, maintenance, check-in, marketing, and tax advice. Building a strong network of suppliers enhances efficiency and the overall guest experience.
- Short stay: short stays, generally from 1 to 3 nights. They require efficient logistics and can generate high revenues if well managed, but involve more frequent operating costs.
- Short-term rental: rental for less than 30 days, with no obligation of residence or domicile. A flexible and very popular option for vacation homes.
- Short-term rental receipt: document issued to the guest to certify payment for the stay, if no invoice is issued. It must include the amount, the landlord's details, the date of the stay, and a revenue stamp if required.
- Short-term rental regulations: a set of national laws and regulations governing tourist rentals of less than 30 days. This includes tax aspects, guest registration obligations, and technical requirements.
- Short-term rental statistics/reporting: all the data and analyses you can generate with your management software to monitor revenue, bookings, performance on the various connected platforms, occupancy rates, and much more. Essential for professional management.
- Smart home: technologies to remotely control lighting, heating, air conditioning, and security. Improves efficiency and guest experience.
- Smart Pricing: a dynamic pricing system that adjusts prices based on demand, seasonality, local events, or competition. It can be managed manually or with automatic tools integrated into your management system.
- Smoobu: the best management software for independent short-term rental hosts and property managers. Synchronizes calendars, centralizes bookings, unifies messages, and enables you to manage your accommodations more effectively.
- Smoobu Annual Report: Analysis of data collected by the platform showing trends, performance, and host behavior. It provides valuable insights for refining your strategy and optimizing bookings.
- Smoobu Dynamic Pricing: an add-on feature of Smoobu that allows you to automate your pricing strategy based on variables such as demand, booking, and seasonality. It helps maximize occupancy and revenue.
- Social Security Contributions: Mandatory payments made by businesses and self-employed individuals to fund state benefits like retirement and disability. In the UK, these are known as National Insurance Contributions (NICs) and are paid to HMRC based on taxable profits. In the US, they are known as Social Security and Medicare taxes, and they're paid to the IRS as a combined self-employment tax on net earnings.
- Sports equipment rental: an additional service that you can offer directly or through local partners (e.g., bikes, surfboards, snowshoes). It is highly appreciated by guests who want to enjoy outdoor activities and can generate extra revenue.
- Superhost: status reserved for Airbnb hosts who offer excellent and consistent experiences: high response rate, excellent reviews, and few cancellations. It improves visibility and perceived reliability.
- Sustainable/eco-friendly tourism: an approach to travel that minimizes environmental impact and enhances the local community. Relevant for attracting guests who are sensitive to ecological and social issues.
- Synchronized calendar: a system that automatically updates availability across different platforms via iCal or API connection. Essential for avoiding the risk of overbooking.
T
- Target audience: the group of travelers you are targeting with your listing. It can vary by age, origin, travel style, or interests (such as families, digital nomads, couples, and business travelers). Defining your target audience helps you craft a more effective listing and optimize your promotions.
- Tax compliance: obligations related to the financial management of the business: declarations, payments, withholding taxes, and registrations. These vary depending on whether you operate as a private individual or with a VAT number.
- Tax obligations: all obligations related to revenue management: tax payments, tax returns, communications to the Revenue Agency. These vary depending on whether you operate as a private individual or with a VAT number.
- Tax receipt: a document that replaces the invoice, used in simplified tax regimes. Please note that this is not always sufficient for businesses with a VAT number, depending on the chosen regime.
- Tax regime: the type of taxation you choose to declare income from short-term rentals. It can be ordinary, flat-rate (with VAT number), or flat-rate tax (as a private individual). It determines your tax burden and accounting obligations.
- Terms and conditions of stay: contractual rules that establish the rights and obligations of the host and guest. They may include cancellation policies, use of the home, security deposits, and liability.
- Tiny house: a small, independent, and functional dwelling, often in a natural setting. Increasingly in demand by those seeking alternative experiences and eco-friendly stays.
- Tourism urban planning: a set of rules governing the use of land for accommodation purposes. Some municipalities establish areas where short-term rentals are permitted or prohibited. It is essential to find out before starting the business.
- Tourist area: an area defined by a municipality or region with specific regulations for accommodation activities. In some places, there may be restrictions on short-term rentals or incentives for tourism development.
- Tourist tax: a contribution required from guests by the municipality for each overnight stay, which varies by location, season, and type of property. The host must collect, record, and pay it according to local rules. The terms "tourist tax" and "visitor tax" are often used interchangeably.
- Travel trends: emerging preferences and behaviors among travelers (e.g., extended stays, digital detox, sustainable travel, Instagrammable accommodations). Following these trends helps you stay competitive.
- Traveller Review Awards: an annual award given by Booking.com to properties with excellent reviews. This recognition improves your reputation and can be promoted in your listing.
- TripAdvisor: a review and booking platform for accommodation, restaurants, and activities. Maintaining a well-maintained profile can increase visibility, particularly for those seeking inspiration before making a booking.
- TV & Broadcasting License Fee: a separate TV Licence is legally required for each self-contained vacation rental unit (e.g., each apartment or cottage) where guests can watch or record live TV programs on any channel or use the BBC iPlayer streaming service. This applies regardless of the device used (e.g., TV, computer, tablet).
- Type of accommodation: category to which the property belongs: apartment, villa, private room, tree house, bungalow, etc. This must always be specified in the listing for clarity and correct positioning.
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- Unified inbox: a feature of management software that allows you to receive and respond to all guest messages from a single platform, even if they come from different portals (e.g., Airbnb, Booking.com, Vrbo). It saves you time, prevents errors, and allows you to keep track of all conversations in an orderly manner.
- Upgrade: an offer of an improvement on the original booking (e.g., larger room, better view, additional services) at no extra cost or with a supplement. This can be used to build loyalty or manage overbookings elegantly.
- Upselling: a sales technique that offers guests an upgrade or an additional paid service (e.g., breakfast, late check-out, private tour). It increases the average value of each booking.
- User experience (UX): the user's experience when browsing your listing or website. This includes clarity, speed, ease of booking, and design. Improving it leads to more conversions.
- User/guest: someone who stays at your property. Understanding their needs, preferences, and habits is crucial for providing personalized service, enhancing the guest experience, and earning positive reviews.
- Utilities for short-term rentals: electricity, gas, water, and internet - fixed costs to consider when managing accommodations. They must be monitored, optimized, and included (with some exceptions) in the price of the stay.
V
- Vacation rental insurance: coverage for damage to property or persons during the stay. Helpful in protecting yourself in the event of unforeseen circumstances.
- VAT number: tax identification number for economic activities, also applicable to the tourism sector. It is mandatory if you manage short-term rentals as a business, have multiple properties, or offer hotel-like services on an ongoing basis.
- Verified user: a guest who has completed identity verification steps on a platform such as Airbnb. This step can increase the host's perceived security and facilitate the instant booking process.
- Video marketing: Utilizing videos to promote properties, including virtual tours, hosting presentations, and showcasing local experiences. Very effective on social media and the website in increasing conversion rates.
- Visual identification: The host (or their representative) is required to physically verify the identity of guests at check-in by comparing the ID presented with the person who arrives.
- Voucher: a digital or paper coupon that allows for a discount or complimentary stay. It can be issued as a refund, promotion, or gift.
- VRBO: international vacation rental portal, part of the Expedia group. Very popular in North America and among travelers looking for entire homes for families or groups.
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- Welcome basket: a small gift that welcomes guests on arrival: it may include local snacks, water, wine, typical products, or essential items (coffee, tea, sugar). It is a simple yet effective gesture that can make a good first impression, enhance the guest experience, and lead to positive reviews.
- Welcome gift (welcome kit): a small token of appreciation to welcome guests upon arrival, such as a local product, a handwritten note, or a helpful item for their stay. It helps you stand out from the competition, improves the guest experience, and encourages positive reviews.
- Welcome message: communication sent shortly before or immediately after guests' arrival, with valuable instructions, house rules, and a personal touch. It can reduce frequently asked questions and help you improve the guest experience.
- Wi-Fi: an essential service for any property. It must be free, fast, and work well. Always indicate the quality of the connection in the listing, especially for those who work remotely.
- Workation: a combination of work and vacation. Increasingly, travelers are seeking accommodations that cater to smart working, featuring fast Wi-Fi, a desk, and amenities suitable for medium to extended stays.
- Workplace Accident Insurance/Employers' Liability Insurance/Workers' Compensation: A mandatory insurance system required for employers to cover employees against work-related injuries or illnesses. The specific system varies by country; in the United Kingdom, it is called Employers' Liability Insurance. It is a compulsory policy purchased from private insurers that enables businesses to pay compensation if an employee is injured or becomes ill because of their work. In the United States, the equivalent is the Workers' Compensation (or "Workers' Comp") system. This is a state-regulated, "no-fault" insurance program that covers medical expenses and lost wages for injured employees. Businesses typically obtain this coverage from private insurers or a state-run fund.
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- Yield management: an advanced pricing technique that optimizes prices and availability based on demand. Similar to revenue management, but focused on maximizing revenue for each date.
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- Zero waste: a management philosophy that aims to minimize waste by promoting reuse and compostable or recyclable materials. Increasingly popular in sustainable tourism.