What is the meaning / definition of Vacation Rental in the hospitality industry?

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.

AirBnB is currently the most famous example for the industry. In Europe the term villa rental or villa holiday is preferred for rentals of detached houses in warmer climates.

See also: