Glossary

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.

Canceled Stays

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

Guesstimating

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

Guesttimating

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

Host

Individual who manages their own vacation rental home
See also: Hosters, Vacation Rental manager Origin: Wm. May

Hoster

Hosts homes for individual on AirBnB. Usually not a full-stack vacation rental manager
Origin: Wm. May

Lodging Manager

A person or company who manages lodging faculties such as Inns, Resorts, Hotels, Motels, Vacation Rentals, short-term rentals. Lodging Managers do not manage conventional real estate rentals such as apartments, condominiums, commercial buildings, home owner associations, or long-term residential property.
See also: Vacation Rental Manager, Lodging Manager, Absentee Vacation Rental Manager, Corporate Vacation Rental Manager Origin: Vacation Rental Association

Long-Term Rental

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

Unauthorized Guest

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

Unilateral Termination

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

Your Share

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

DETAILS: Glossaries and Dictionaries are handy tools. They provide an indication of meaning but additional study may be necessary to comprehend the full meaning. There may be alternate definitions not included here and experts may disagree on the proper explanation of each term.

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