Glossary

A
Accommodation Facility Identifier (IDUB)

Assigned by the Czech Police to the accommodation provider, through which the provider communicates with the foreign police regarding the obligation to report the accommodated foreigners.

ADR (Average Daily Rate)

A housing unit's average daily rental rate, calculated as the total rental revenue divided by the number of occupied nights. This indicator measures the rental's financial performance and helps set pricing strategies. ADR is influenced by factors such as seasonality, demand, quality and amenities of the unit, and competitive environment. It helps landlords assess rental efficiency and optimize revenues.

B
Bleisure

A combination of business trips and leisure time, where an individual combines work obligations with recreational activities. This concept allows professionals travelling for work to extend their stay at a destination and use their free time to relax, explore local attractions, or spend time with family and friends. Bleisure travel increases the attractiveness of business trips and can contribute to a better work-life balance, increasing employee satisfaction and productivity.

C
ČAPUS

The Czech Association of Private Landlords and Hosts, whose purpose is to support all types of private accommodation and provide information on its benefits and pitfalls. The association participates in administrative proceedings, provides analyses and research, and brings together responsible landlords to help authorities establish fair and clearly applicable rules for short-term rentals and accommodation. The association is currently chaired by Blahobyty.

City Tax

The obligation to pay a local fee requires the accommodated guest to pay a fee to local authorities for the stay in the municipality. In most cases, the host pays the fee. The amount varies in each municipality.

Corporate Stay

A work stay where a person rents a property for a medium-term (1 to 12 months). Typical for freelancers, large corporations, or digital nomads - these and many others use high-end apartments for work trips.

D
Digital Nomad

A person who uses digital technologies to perform their work remotely, often travels, and has no fixed place of residence. These individuals can work from anywhere in the world where they have internet access and frequently engage in professions such as IT, marketing, writing, design, and other creative or technical fields. Digital nomads prefer a flexible lifestyle that combines work and travel.

E
e-Turista

A digital project initiated by the Ministry of Regional Development in collaboration with CzechTourism. It aims to increase transparency and compliance with local laws in the short-term rental sector. This system enables easy and quick online registration of accommodation units, thereby reducing the administrative burden for accomodators. e-Turista simplifies reporting obligations, automates property management, and supports compliance with legal requirements, leading to better market regulation and a reduction in the grey economy. This project is a key element in the digitization of the tourism market in the Czech Republic and brings significant benefits to accommodation providers, guests, and local communities.

F
Foreigner Registration Form

A document that a foreigner staying in the Czech Republic (or the accommodation provider on behalf of the foreigner) must fill out due to the obligation to report accommodated foreigners based on Act No. 326/1999 Coll.

G
Guest Favourite

A collection of 2 million top-rated homes on Airbnb, based on ratings, reviews, and reliability data from over half a billion stays. This selection helps users find a great place to stay by reading what previous guests have said about their experiences. These accommodations are available worldwide and are easily found on Airbnb, thanks to a special badge in the search results and the property's page. Guests can also filter search results to show only their favourite accommodations.

H
House Book

A place for recording accommodated guests, which the accommodator must keep in written form. The book must be kept clearly and chronologically. Few personal details must be recorded for each guest, and the data must be kept for six years from the last entry. This is a mandatory procedure.

I
Instant Booking

A functionality on the Airbnb.com platform that allows guests to book a stay without requesting approval from a specific host. The accommodation is reserved immediately without delay.

L
Lead Time

Refers to the time interval between booking and the guest's actual arrival date. This indicator is important for managing reservations and planning occupancy. A shorter lead time means that bookings are made closer to the arrival date, which can indicate higher flexibility or last-minute demand. Conversely, a longer lead time indicates that guests plan their stays further in advance. Understanding lead time helps landlords better plan and optimize their listings, pricing strategy, and operational processes.

Lenght of Stay

Refers to the number of nights a guest spends in a rented property. This indicator is important for managing and planning rentals, as it affects revenue, occupancy, and operating costs. The length of stay can be short (e.g. one or two nights) or longer (a week, a month, or more). Understanding the average length of stay of guests can help landlords adjust their pricing strategies, offerings, and marketing campaigns better to meet the needs and preferences of their target group.

Listing

Refers to the online offer of a property for rent on platforms such as Airbnb, Booking.com, or other OTAs. It includes a detailed description of the property, photos, prices, availability, guest reviews, and other important information that helps potential guests make a reservation decision. The listing serves as the main marketing tool for landlords to present their offers and attract guests.

Length of Stay

Označuje počet nocí, které host stráví v pronajaté nemovitosti. Tento ukazatel je důležitý pro správu a plánování pronájmů, protože ovlivňuje příjmy, obsazenost a provozní náklady. Délka pobytu může být krátká (například jedna nebo dvě noci) nebo delší (týden, měsíc či více). Porozumění průměrné délce pobytu hostů může pomoci pronajímatelům přizpůsobit jejich cenové strategie, nabídky a marketingové kampaně tak, aby lépe odpovídaly potřebám a preferencím jejich cílové skupiny.

Long-term Rental

Primarily characterised as a service where you lease your property to a tenant to meet housing needs directly related to the person or household. Long-term rentals are provided over months to years. Tenants are also significantly protected by civil law.

M
Medium-term Renta

A rental for one month to one year. Medium-term rentals compromise short-term and long-term accommodation, where the property is used only for a certain period for work stays, temporary student stays, or other opportunities. It has not been considered stable housing for more than a few years.

O
Occupancy

Refers to the rate of utilization of rental units in a certain period. It is usually expressed as a percentage and calculated as the ratio of occupied nights to the total number of available nights. High occupancy means that the rental units are often occupied by guests, which is a positive indicator of demand and property management efficiency. Occupancy is one of the performance indicators in the short-term rental sector, as it directly affects rental revenues.

However, occupancy alone may not provide a complete picture of property performance, so it is combined with the ADR (Average Daily Rate) metric. The combination of these metrics is called RevPAN (Revenue per Available Night), which combines the effect of occupancy and the average rate per night into one indicator. RevPAN is a better indicator of long-term performance and a better decision-making tool. This approach to revenue management differs from the traditional perception of many hosts, who focus primarily on current earnings or popular terms.

Online Trave Agencies (OTAs)

Digital platforms that allow users to book travel services such as flights, accommodations, car rentals, and tours. OTAs act as intermediaries between travel service providers and customers, offering various options and price comparisons in one place. Well-known OTAs include Booking.com, Expedia, and Airbnb. These platforms facilitate the planning and booking of travel services, often offering reviews from previous customers, flexible cancellation policies, and customer support.

P
Prague Days

Prague Days is the sister brand of Blahobyty and caters for guests from all over the world. We operate our own booking engine at praguedays.com, securing direct bookings and creating an additional revenue stream for you. Our strategy is about long-term success based on guest satisfaction as we build a hospitality brand that attracts returning guests.

R
Reporting Foreigners

The obligation to report accommodated foreigners to the foreign police within three days from the accommodation date. This obligation arises from Act No. 326/1999 Coll.

RevPAN (Revenue per Available Night)

A measure of profitability in the accommodation sector that expresses the average revenue earned per available night, unlike the traditional hotel indicator RevPAR, which refers to a room. RevPAN is calculated by dividing the total rental revenue by the number of nights the units were available for rent, regardless of whether they were occupied. This indicator is handy for optimizing pricing strategies and improving performance in short-term rentals, as it combines the effect of occupancy and the average rate per night into one indicator.

S
Search Filters

Search filters are an effective tool for narrowing the selection when searching for accommodation. They allow you to focus on specific requirements, whether you are just browsing listings or have well-defined preferences. Using filters, you can select periods and types of accommodation, enabling you to target your search more precisely and find the ideal place to stay.

Serviced apartments

Fully equipped apartments that offer the comfort of home combined with hotel services. They may include regular cleaning, reception, laundry, and other services that ensure a comfortable stay for short-term and long-term guests. Serviced apartments are also operated by professional managers who take care of guests' comfort throughout their stay and are constantly available to them.

Short Term Rental

Renting a property (apartment, house, room) for a period shorter than one year, usually for days or weeks. Often used in Prague by tourists and temporarily relocated workers.

Superhost

A host who consistently provides exceptional service, responds quickly to messages, and maintains high ratings from guests. Superhosts have a track record of outstanding hospitality and are recognized by a special badge on their listings. This designation by Airbnb highlights hosts who deliver a superior guest experience.

U
Urban Rental

Urban rental is a type of property rental in urban areas, which includes renting apartments, houses, or commercial spaces on a short-term or long-term basis. This type of rental is characterized by high availability of services, infrastructure, and job opportunities, making it an attractive option for individuals, families, and businesses seeking convenient and practical living or business arrangements in the city. Urban rentals often include modern amenities and proximity to public transportation, shops, restaurants, and cultural attractions.

W
Workation

 A combination of work and vacation in which an individual works remotely from an attractive destination, often outside their usual home or office. This concept allows for the combination of work duties with relaxation and the exploration of new places. Workation is especially popular among digital nomads and professionals who use the flexibility of remote work to improve work-life balance, which can increase their productivity and enrich their personal experiences.