Short-term rentals (STR)
Short-term rentals are fully furnished residential properties like apartments, houses, and villas, which are rented out for short periods, typically less than a month. They are popular among vacationers, corporate travelers, and digital nomads and are an alternative to traditional hotel stays.
These alternative accommodations provide more space, better privacy, and a home-like experience and are often listed on platforms like Airbnb, Vrbo, and Booking.com.
STRs are often managed by vacation rental management companies, which handle housekeeping, bookings, and property maintenance. These management companies often deploy specialized property management systems (PMS) to vacation rentals.