Holiday Let
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Holiday Let
A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. The term ''vacation rental'' is mainly used in the US. Other terms used are self-catering rentals, holiday homes, holiday lets (in the United Kingdom), cottage holidays (for rentals of smaller accommodation in rural locations) and gites (in rural locations in France). Vacation rentals have long been a popular travel option in Europe (especially in the UK) as well as in Canada and are becoming increasingly popular around the world. Types of accommodation Vacation rentals usually occur in privately owned vacation properties (holiday homes), so the variety of accommodations is broad and inconsistent. The property is a fully furnished property, such as a holiday villa, apartment, cottage, condominium, townhome or single-family-style home. Farm stay can encompass participation on a working farm or ...
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Furnishing
] The decorative arts are arts or crafts whose object is the design and manufacture of objects that are both beautiful and functional. It includes most of the arts making objects for the interiors of buildings, and interior design, but not usually architecture. Ceramic art, metalwork, furniture, jewellery, fashion, various forms of the textile arts and glassware are major groupings. Applied arts largely overlaps with decorative arts, and the modern making of applied art is usually called design. The decorative arts are often categorized in distinction to the "fine arts", namely painting, drawing, photography, and large-scale sculpture, which generally produce objects solely for their aesthetic quality and capacity to stimulate the intellect. Distinction from the fine arts The distinction between the decorative and fine arts essentially arose from the post-Renaissance art of the West, where the distinction is for the most part meaningful. This distinction is much less meaning ...
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Rental Home BW
Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership. An example of renting is equipment rental. Renting can be an example of the sharing economy. History Various types of rent are referenced in Roman law: rent (''canon'') under the long leasehold tenure of Emphyteusis; rent (''reditus'') of a farm; ground-rent (''solarium''); rent of state lands (''vectigal''); and the annual rent (''prensio'') payable for the ''jus superficiarum'' or right to the perpetual enjoyment of anything built on the surface of land. Reasons for renting There are many possible reasons for renting instead of buying, for example: *In many jurisdictions (including India, Spain, Australia, United Kingdom and the United States) rent paid in a trade or business is t ...
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Guaranteed Rental
A guaranteed rental is a transaction whereby a party looking to acquire a property in order to rent it out on a retail basis (i.e., nightly or weekly), typically a property manager or vacation rental manager, rents from the owner of the property a large block of time, typically several months or even years. Through the transaction the acquirer provides the owner of the property with a guaranteed sum over the term of the contract. The acquirer then has the right to rent the property in question out on a retail basis, keeping all related revenues. This transaction is popular with parties seeking to shift the risk and/or management burden associated with renting property. Such a transaction is similar to leaseback Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done f ... arrangements more fr ...
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Commission (remuneration)
Commissions are a form of variable-pay remuneration for services rendered or products sold. Commissions are a common way to motivate and reward salespeople. Commissions can also be designed to encourage specific sales behaviors. For example, commissions may be reduced when granting large discounts. Or commissions may be increased when selling certain products the organization wants to promote. Commissions are usually implemented within the framework on a sales incentive program, which can include one or multiple commission plans (each typically based on a combination of territory, position, or products). Payments are often calculated using a percentage of revenue, a way for firms to solve the principal–agent problem by attempting to realign employees' interests with those of the firm. However, models other than percentages are possible, such as profit-based approaches, or bonus-based approaches. Commissions allow sales personnel to be paid (in part or entirely) based on products o ...
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Tour Operator
A tour operator is a business that typically combines and organizes accommodations, meals, sightseeing and transportation components, in order to create a package tour. They advertise and produce brochures to promote their products, holidays and itineraries. Tour operators can sell directly to the public or sell through travel agents or a combination of both. The most common example of a tour operator's product would be a flight on a charter airline, plus a transfer from the airport to a hotel and the services of a local representative, all for one price. Each tour operator may specialise in certain destinations, e.g. Italy, activities and experiences, e.g. skiing, or a combination thereof. Operations The original ''raison d'être'' of tour operating was the difficulty for ordinary folk of making arrangements in far-flung places, with problems of language, currency and communication. The advent of the Internet has led to a rapid increase in self-packaging of holidays. However, t ...
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Austin American-Statesman
The ''Austin American-Statesman'' is the major daily newspaper for Austin, the capital city of Texas. It is owned by Gannett. The paper prints Associated Press, ''New York Times'', ''The Washington Post'', and ''Los Angeles Times'' international and national news, but has strong Central Texas coverage, especially in political reporting. The ''Statesman'' benefits from the culture and writing heritage of Austin. It extensively covers the music scene, especially the annual South by Southwest Music Festival. The newspaper co-sponsors Austin events such as the Capital 10K, one of the largest 10K runs in the U.S., and the Season for Caring charity campaign. In the Austin market, the ''Statesman'' competes with the ''Austin Chronicle'', an alternative weekly. Circulation In 2009, the ''Austin American-Statesman'' ranked 60th in circulation among daily newspapers, according to the Audit Bureau of Circulations. Figures from Scarborough Research show the ''Statesman'' — in print an ...
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Vrbo
Vrbo ( ) operates an online marketplace for vacation rentals. It was originally known as Vacation Rentals by Owner or VRBO. It is headquartered in Austin, Texas, and is owned by Expedia Group. History The VRBO website was created by David Clouse, a retired teacher, in 1995 in Aurora, Colorado with the goal of renting his Breckenridge Ski Resort condo. The website soon became popular with homeowners that wanted to list their properties for short term rental. By 2006, Vrbo had over 65,000 rental listings and was adding 100 new listings per day. Vrbo originally had a subscription business model where payment of an annual fee allowed homeowners to list their property on the website. In 2006, Vrbo was acquired by HomeAway. In late 2015, Expedia Group acquired HomeAway, including Vrbo. In March 2019, VRBO was re-branded Vrbo, including a new logo, capitalization, and pronunciation. In May, the HomeAway and Vrbo websites were both rebranded as Vrbo. Criticism Strict refund polic ...
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Airbnb
Airbnb, Inc. ( ), based in San Francisco, California, operates an online marketplace focused on short-term homestays and experiences. The company acts as a broker and charges a commission from each booking. The company was founded in 2008 by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia. Airbnb is a shortened version of its original name, AirBedandBreakfast.com. The company has been the subject of criticism for lack of regulations and enabling increases in home rents. History After moving to San Francisco in October 2007, roommates and former schoolmates Brian Chesky and Joe Gebbia came up with the idea of putting an air mattress in their living room and turning it into a bed and breakfast. In February 2008, Nathan Blecharczyk, Chesky's former roommate, joined as the Chief Technology Officer and the third co-founder of the new venture, which they named AirBed & Breakfast. They put together a website that offered short-term living quarters and breakfast for those who ...
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HomeAway
HomeAway was a vacation rental marketplace. It operated through 50 websites in 23 languages through which it offered rentals of cabins, condos, castles, villas, barns, and farmhouses. Founded in February 2005 and headquartered in Austin, Texas, the company became a publicly traded company in 2011. Expedia Group acquired HomeAway on December 15, 2015 for $3.9 billion in cash and stock. In 2020 HomeAway and VRBO websites were rebranded as single Vrbo website. History HomeAway was founded in 2004 as CEH Holdings. The company acquired several websites and consolidated them into a single vacation marketplace, launching HomeAway.com in June 2006. HomeAway moved into its new global headquarters in Austin, Texas, on October 2, 2009. It was the first mixed-use project and the second company in Austin to achieve LEED Gold certification for Commercial Interior Design. In 2017, it moved to a new building. In 2009, HomeAway announced it would reunite actors Chevy Chase and Beverly D’ ...
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Timeshare
A timeshare (sometimes called vacation ownership) is a property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each owner of the same accommodation is allotted their period of time. Units may be sold as a partial ownership, lease, or "right to use", in which case the latter holds no claim to ownership of the property. The ownership of timeshare programs is varied, and has been changing over the decades. History The term "timeshare" was coined in the United Kingdom in the early 1960s, expanding on a vacation system that became popular after World War II. Vacation home sharing, also known as holiday home sharing, involved four European families that would purchase a vacation cottage jointly, each having exclusive use of the property for one of the four seasons. They rotated seasons each year, so each family enjoyed the prime seasons equally. This concept was ...
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Beach
A beach is a landform alongside a body of water which consists of loose particles. The particles composing a beach are typically made from rock, such as sand, gravel, shingle, pebbles, etc., or biological sources, such as mollusc shells or coralline algae. Sediments settle in different densities and structures, depending on the local wave action and weather, creating different textures, colors and gradients or layers of material. Though some beaches form on inland freshwater locations such as lakes and rivers, most beaches are in coastal areas where wave or current action deposits and reworks sediments. Erosion and changing of beach geologies happens through natural processes, like wave action and extreme weather events. Where wind conditions are correct, beaches can be backed by coastal dunes which offer protection and regeneration for the beach. However, these natural forces have become more extreme due to climate change, permanently altering beaches at very rapid ...
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California
California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territories of the United States by population, most populous U.S. state and the List of U.S. states and territories by area, 3rd largest by area. It is also the most populated Administrative division, subnational entity in North America and the 34th most populous in the world. The Greater Los Angeles area and the San Francisco Bay Area are the nation's second and fifth most populous Statistical area (United States), urban regions respectively, with the former having more than 18.7million residents and the latter having over 9.6million. Sacramento, California, Sacramento is the state's capital, while Los Angeles is the List of largest California cities by population, most populous city in the state and the List of United States cities by population, ...
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