This Glossary is provided to users of the website as a guide to terms and information they may find helpful. Definitions are added, edited or removed occasionally.
The number of guest stays for check-ins during a given period that canceled prior to arrival.
Origin: William May
Darwin Program (Co-managed Vacation Rentals)
A co-management program with a booking agent company. Manager provides onsite services. Both parties advertise and process bookings. Offered by members of the Sunspots Vacation rental network, such as for cabins, condos, homes & villas.
See also: Homie-Minder Origin: May, William
Projecting income, events or news with an admission that it is not based on science, or known foundation for the projection.
See also: Guesttimating, projection Origin: Vacation Rental
Guestminder Program (For Complexes)
A co-hosting program for lodging owners offered by members of the Goldener inns & resort Network, such as Inns, Resorts and other multi-unit properties.
See also: Guest minders, guest minder, Origin: GuestMinders Link: GuestMinders.com
Attempt to project the number of guests, bookings or income that a lodging property will generate in the future.
See also: Guesstimating, projectiong, estimating Origin: Wm. May
HomeMinder Program (Vacation Rentals)
A co-hosting program for vacation rental owners offered by members of the Sunspots Vacation rental network, such as for cabins, condos, homes & villas.
See also: Guestminder Origin: May, William
Individual who manages their own vacation rental home
See also: Hosters, Vacation Rental manager Origin: Wm. May
Hosts homes for individual on AirBnB. Usually not a full-stack vacation rental manager
Origin: Wm. May
Rental of a cabin, condo, apartment, house or villa for mmore than 30 days, usually for 6 or 12 months, usually with option to continue longer. Think of his as "conventional rental and documented with a lease. Usually fully furnished including a kitche, bath and sleeping area.
See also: Short-term Rental, Mid-Term Rentall, Vacation Rental, Holiday Let, Holiday Home Origin: Vacation Rental Association Link: VacationRentalAssociation.org
Share By Owner
Timeshare unit dates that are rented directly from the owner, rather than through a property management firm.
See also: Direct Marketing terminology, Client, Owner, Target, Lead, Complex, Hijack Origin: Vacation Rental Association Link: VRIA.org
Property occupants who were not pre-approved by the lodging manager and for whom additional charges will apply. Also referred to as Undisclosed Guest.
See also: Undisclosed Guest, Maximum Occupancy, Normal Occupancy, Sleeps Occupancy, Disclosed Guest, Drop-In Guests Origin: Vacation Rental Association
When one party terminations a contract prior to the term of the contract, the other party may delcare it a unilateral action and access termination fee.
See also: Termination, Termination for Breach, ,Mutual Termination Origin: Vacation Rental Association
Rental program from Sunspot Vacation Rentals that provides advertising and bookings services to owners of timeshares who have dates available to rent.
Origin: May, William
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