Glossary
This Glossary is provided to help guests understand more about the rental of inns, resorts and vacation rentals. It is not comprehensive but serves as a primer for terms guests may encounter in renting specialty lodging. Not all terms apply to all properties or managers.
Transient
A Guest who arrives without an advance reservation or pre payment. Contrary to representations to those opposed to Lodging, guests with reservations are NOT transients. (Origin: Industry)
Travel
Leisure and other travel including travel for business, medical care, education, etc. All tourism is travel, but not all travel is tourism. (Origin: Industry)
Travel Agent
An individual who arranges travel for individuals or groups. Travel agents may be generalist or specialists (cruises, adventure travel, conventions, and meetings.) The agent receives a commission form accomodations, transportation companies and attractions for coordinating the booking of travel. They typically coordinate travel for their customers at the same of lower cost than if the customer booked the travel on his/her own. (Origin: Industry)
Travel Insurance
Purchased from a carrier who agrees to reimburse guests for some expense if they are forced to cancel their plans due to certain reasons. Usually these include death in the family, personal injury or flight delays. Highly recommended. (Origin: Industry)
Travel Product
Refers to any product or service that is bought by or sold to consumers of trade including accomodations, attractions, events, restaurants, transportation, etc. (Origin: Industry)
Travel Seasons
Travel industry business cycles including:
Peak - Primary travel season
Low - Period when business is slowest
Shoulder - Perid between peak and low periods when business is stronger, but has room from growth. (Origin: Industry)
Travel Trade
The collective term for tour operators, wolesalers, and travel agents. (Origin: Industry)
Traveler
Any person who travels either for leisure or business purposes more than 100 miles (round-trip) in a day or who stays overnight away from his orher primary domicile. (Origin: Industry)
Trip Cancellation
Provides reimbursement for certain unused, non-refundable expenses due to cancellation of your trip caused by a covered reason. (Origin: CSA Travel Protection)
Unit
May refer to a room, suite or living area (such as a condo, cabin or home) which is offered to Guests for lodging use and rent. The unit includes all ameniteis described and associated with the unit including the grounds upon which it rests. (Origin: Industry)
Unwelcomes
When a guest or tenant misuses a property, misbehaves, fails to pay as agreed or violates other conditions of the owner or manager's terms they are referred to as unwelcome and not allowed to rent the property again. See also: Industry (Origin: Industry - Link: Unwelcomes.org)
Use Fee
A proper term for the cost of renting a lodging property. May include rent, housekeeping and other charges. (Origin: Industry)
Usual and customary charge
Those charges for necessary treatment and services that are reasonable for the treatment of cases of comparable severity and nature. This will be derived from the mean charge based on the experience in a related area of the service delivered and the MDR (Medical Data Research) schedule of fees valued at the 100th percentile and the Anesthesia Relative Value Guide. (Origin: Vacation Rental Insurance)
Vacation Rental
A house, condo or other living unit used for short-term rental, usually in a resort or recreational area and having sleeping quarters, bath and kitchen. Also known as a Holiday let. See also: Holiday Let, Holiday Home (Origin: Industry)
Vacation Rental Angels
Voluntary program from Vacation Rental Industry Association. Members who regularly donate vacation home use to charitable causes are listed on VacationRentalAngels.com website and display the VRIA Angel Icon. (Origin: VRIA - Link: VacationRentalAngels.com)
Vacation Rental Travel Insurance
A form of travel insurance, purchased from a carrier who agrees to reimburse guests for some expense if they are forced to cancel their travel plans including their rental of a vacation rental home. Covered events usually these include death in the family, personal injury or flight delays. Highly recommended. (Origin: Industry)
Visitor
A traveler who goes to a place other than his home to experience life in a different location. Usually means a stay of a short destination. See also: Traveler (Origin: Industry)
Visitors Center
Travel information center located at a destination to make it easier for visitors to plan their stay; often operated by a convention and visitors bureau, chamber of commerce, or tourism promotion organization. (Origin: Industry)
VRGA - Vacation Rental Guests Assocition
Trade association of guests who frequent vacation rental homes, organized to advocate for the benefit of its members (Origin: VRGA.org - Link: VRGA.org)
VRIA - Vacation Rental Industry Association
Trade organization that promotes the use and advancement of the vacation rental industry. Umbrella organization for VROA - Vacation Rental Owners Association, VRMG - Vacation Rental Managers Guild and VRGA - Vacation Rental Guests Association. The term VRIA is a Trademark owned by the Vacation Rental Industry Associatin. (Origin: VRIA.org - Link: VRIA.org)
