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.
Not Sold
When a destination, location or unit has no available dates left for sale, it is tempting to refer to those as Sold Out. However, it is virtually impossible for us to be sold out. We always have availability somewhere in a different unit, location or destination. So users are forbidden from using the term Sold out. We call that "No So:
See also: Sold out Origin: Istay
Obscured Rent by Owner (RBO)
When a website makes a property owners identify hidden thereby requiring guests to only communicate through their website dashboard, the rental is Obscure.
See also: Rent by Owner, Rbo Origin: May, William Link: VRIA.org
Occupancy
A percentage indicating the number of nights sold (compared to number available) in a hotel, resort, motel, or vacation rental facility or destination.
Origin: Vacation Rental Association
Occupancy Rate
The percentage of total available nights that have been rented for a property or a group of properties over a specified time period. 2. The percentage of all rental units that are occupied or rented at a given time.
Origin: William May
Occupant
A person of any age who enters a lodging unit at any time; or enters the property or resort on which it sits. Includes overnight guests but also drop-in visitors.
Origin: Vacation Rental Association
Ocean Front Accommodations
Buildings or rooms and living units in a building which is along side the ocean shore. Can be major oceans or estuaries. Generally means there are no other buildings between the building and the water. Not necessarily Beach Front.
See also: Beach Front Origin: Vacation Rental Association
Order Fulfillment
After a booking has been accepted, it is necessary to produce and ship paperwork for the guest's signature. Then to secure its return and payment on time. After which instructions are sent to the guest. During and after the stay to check for guest satisfaction. This entire process is referred to as Order Fulfillment.
See also: Booking Origin: Vacation Rental Association
OTA - Online Travel Agent
Websites where guests can book lodging, airfare, rental cars and other services online. OTA's utilize Global Distribution Services (GDS) to display services and then to confirm them with the travel provider. Examples of OTA's are Expedia.com, Orbitz.com and Hotels.com but there are many others offering the same services.
Origin: Vacation Rental Association
OTA - Open Travel Alliance
An organization that engineers computer and technical specifications to ensure traveler and supplier information flow smoothly throughout travel, tourism and hospitality. Membership includes major hotels, airlines and Global Distribution Firms.
Origin: OpenTravel.org Link: OpenTravel.org
Out Clean Fee
A certain amount above and beyond the rental rate that is charged to renters to cover the cost of cleaning the property after departure.
Origin: Vacation Rental Association
Out Cleaning
Vacation rental homes are usually cleaned after the guest departs, this is referred to as an Out Clean. Usually there is a one time fee for this service.
See also: Out Cleaning Fee, Interim Clean, Housekeeping Origin: Vacation Rental Association
Overages
Charges to the Guests for additional rent, activities, services, housekeeping or repairs that are greater than appeared on the guest's original estimated charges.
Origin: Vacation Rental Association
Package
A fixed price travel product that makes it easy for a traveler to buy and enjoy a destination or several destinations. Packages offer a mix of elements like transportation, accommodations, restaurants, entertainment, cultural activities, sightseeing and car rental.
Origin: Vacation Rental Association
Patient & Family Lodging
Traditional hotel or other facility that provides lodging to patients receiving care in the area or to their families.
Origin: Vacation Rental Association
PayPal
A fast and convenient online payment service.
Origin: Plumbob Publishing
PayPal
A fast and convenient online payment service. People like the convenience of this service since money is transferred automatically over the internet, directly from their credit card or personal checking account.
Origin: Redstone Systems
Peak Season
The primary travel season when occupancy and rates are the highest
See also: Travel Seasons, Low Season, Shoulder Season Origin: Vacation Rental Association
Per Person Pricing (PPP)
Often used for Vacation Rental homes, a pricing model where a minimum nightly rate is set for a property allowing a base or normal number of occupants. Guests pay an additional fee for each guest over the normal, up to a maximum number of guests allowed in the property. The additional fee is often much higher for unapproved guests.
See also: Dynamic Rates Origin: Istay
Pet Deposit
Should a lodging facility allow for pets they may require the guest to pay a significant deposit to cover any damage or excessive cleaning necessitated by the pets occupancy. Pet Deposits are usually refundable if no damage or effect occurs
See also: Pet Fee, Pet Friendly, No Pets, Pet Penalty Origin: Vacation Rental Association
Pet Fee
If a lodging property allows guests to bring pets, they may charge a fee, usually daily, for that privilege. Generally guests are also responsible for any damage they may cause.
See also: Pet Friendly, No Pets, Pet Deposit, Pet Penalty Origin: Vacation Rental Association
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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