Words

The reservation method which requires approval from the host before a guest can book a property. In general, guests will message hosts in order to ask for availability and confirm the booking before sending any payment.

Defines the terms and conditions of payment schedules, cancellations and damage deposits.

The speed at which bookings materialize over a period of time from the booking date to the arrival date. Monitoring booking pace can help identify when patterns form, making it is easier to predict a swell of interest and maximize revenue.

change a detail of a booking

A fee that some agencies or websites charge guests for booking through them.

An application or software used on accommodation websites to securely process reservations and payments.

A tool that visually shows how bookings materialize over a certain time period, helping property owners and managers to adjust rates and availability accordingly.

Notification (email, SMS, etc) which includes booking reference, rental contract and house rules. Usually sent to guests at the time that they book your vacation rental.

The process recording, on a regular basis the financial transactions, ins-and-outs of guests and recording the needed chores of your rental property.

Booking vacation directly with the rental management company