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.

Rustication

Vacation in a rustic, rural or remote Inn, Lodge or Resort
Origin: William May Link: Rustications.com

Setting

The type of area in which a property is located. Such as at the Beach, in the Mountains, part of a Resort or in the City.
Origin: Vacation Rental Association

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

Termination

The basis on which a party to a contract - written or verbal - may terminate the contract.
Origin: Vacation Rental Association

Textiles

All bedding, towels and other fabric products used in a lodging facility to comfort to owners, family and guests.
See also: Bedding, towels, fleece, Linens Origin: Vacation Rental Association

Towels

Fleece based materials used for bath towels, hand towels, wash clothes, bath mats
See also: Textiles, fleece, bedding Origin: May, William

Vacation Rental Manager

A company that provides comprehensive lodging management services to multiple second homes such as cabins, condos, cottages, houses, villas, etc. Such managers operate local offices, housekeepers, staff, marketing, advertising, accounting and reservations. May also refer to a person at such firm who is in charge of properties.
See also: Property Manager, Absentee Vacation Rental Manager, Corporate Vacation Rental Manager Origin: Vacation Rental Association

Varoom Vacation Rental Co-Op

A network of Rent By Owners who cooperate with Managers to increase rentals and improve standards. Operated by Vortex Managers.
See also: Sunspots Network, Goldener Network Origin: Varoom.biz Link: Varoom.biz

View

What can be seen from an area of the property, not necessarily from all areas of the property.
See also: Beach View, City View, Mountain View, Resort View, Water View Origin: Vacation Rental Association

Water View

When guests can see a body of water (Such as a lake, ocean, pond or river) from some area of the property, not necessarily from all area of the property. May include Full, Partial or Peekaboo Views.
See also: View, Beach View, City View, Mountain View, Resort View Origin: Vacation Rental Association

Yield Management

Various price setting techniques designed to increase gross sales of a business, including tools for dynamic pricing, promotions, advertising, discounts, specials and more. Also known as Dynamic Rates, and Dynamic Pricing
Origin: William May

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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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