Accessible tourism is defined as all-inclusive tourism and travel. This means that people with or without disabilities have equal access and enjoyment of touristic activities and travel in general. Read more

The Average Daily Rate is a key performance indicator that shows the average revenue that an occupied room can earn in a day. It's one of the most common financial indicators in the hospitality industry and an extremely useful tool for revenue management.  Read more

The Average Length of Stay definition refers to the number of nights a guest books a vacation rental home. Read more

Ecotourism is responsible and sustainable travel to natural areas with the intention of conserving the environment and learning about the local culture. Read more

A damage waiver fee is a prepaid, non-refundable fee included in a rental home’s total price that covers accidental damages to your property during the guests’ stay. Read more

A double booking, also known as overbooking, refers to when two or more parties book a vacation rental for the same nights. While it is a common occurrence, double bookings are extremely harmful to the reputation of a vacation rental owner. Read more

Lodgify is a vacation rental software solution that allows owners and property managers to easily manage their short-term rental business from one place. Owners can create their own bookable website, manage all their reservations on a centralized platform and sync their bookings and calendars with external channels. Read more

An Online Travel Agency is a web-based marketplace designed to help travelers research and plan their vacations. The top OTAs for vacation rentals include Airbnb, Vrbo, Booking.com and Expedia, among others. Read more

RevPAR is a measurement made to calculate the overall performance of your rental properties using the metric system. It works to assess the availability of rentals and the average rate at which they are filled. Read more

Yield management is the process of making frequent adjustments in the price of a product in response to specific market factors, such as demand or competition. Businesses use yield management in the travel industry as a pricing strategy. Read more