Short Term Rental Dictionary

Words

Room type

different categories of room available at a property or properties. Images and descriptions of main features and amenities applying to each room category will usually be included on the property website and across its distribution channels. Prices tend to vary for different room types.

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Risk Assumption

technique of risk management (better known as retention or self insurance) under which an individual or business firm assumes expected losses that are not catastrophic, but protects against catastrophic losses through the purchase of insurance.

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RevPAR

revenue per available room is a performance metric used in the accommodation industry. RevPAR is calculated by multiplying the average daily room rate (ADR) by its occupancy rate. It can also be calculated by dividing the total amount of revenue by the number of available nights.

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