Short Term Rental Dictionary

Words

Outsourcing

the business practice of hiring an outside party to undertake services that were traditionally carried out in-house by the company’s own employees. Examples of this would be check-in, cleaning and turnover services or even property management.

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OTA ranking

the position of your listing on a search results page, as determined by an algorithm. Usually, the OTA ranking is influenced by factors such as photo quality, response time, reservation click ratio and review number and quality.

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