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Definitions
Short term rental
A short-term rental (STR) is a furnished space available for brief stays, usually from a few days to a few months. These rentals serve as an alternative to hotels and are typically rented for less than 30 days at a time. They can include different property types like whole houses, vacation homes, or individual rooms.
Includes:
- bed and breakfast
- vacation rental
- guest house /room
Bed and Breakfast
A bed and breakfast (typically shortened to B&B or BnB) is a small lodging establishment that offers overnight accommodation and breakfast. In addition, a B&B has the hosts living in the house. This is what I call a "proper bed and breakfast"
In Niagara-on the Lake, there are now places that give breakfast coupons to restaurants. So they are including breakfast in the rate - just not making it for the guests. The advantage of this is that the owner does not have to get up to make the breakfasts and the guests can order what they like, when they like.
- Vacation Rental
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 rental, holiday home, holiday let . These are the ones that most people call AirBNB.
- Guest House
A guest house/room is the renting of one room in your home, it maybe a basement room or shared space with the owner.