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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 rental'', ''holiday home'', ''holiday let'' (in the United Kingdom), ''cottage holiday'' (for a rental of smaller accommodation in rural locations) and '' gite'' (in rural locations in France). Vacation rentals have long been a popular travel option in Europe (especially in the United Kingdom) 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 part ...
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Lesachtal Niedergail 3 Peintnerhof Appartement Schlafzimmer 11062014 045 DxO
Lesachtal () is a municipality in Hermagor District, in the Austrian state of Carinthia (state), Carinthia. It comprises the western part of the eponymous valley formed by the upper Gail (river), Gail River, and stretches from the Carinthian border with East Tyrol down to Kötschach-Mauthen in the east. Geography The Lesach Valley is located in the southwest of Carinthia. In adjacent East Tyrol, the uppermost continuation of the Gail river course is called Untertilliach, Tilliach Valley. The lower eastern third of the Lesach Valley around the village of Sankt Jakob is part of the neighbouring Kötschach-Mauthen municipality. The narrow valley borders the Lienz Dolomites range of the Gailtal Alps to the north and the Carnic Alps up to high Mt. Coglians, Hohe Warte () to the south, forming the border with Italy. Most settlements and paths are on the northern slopes over above the Gail River gorge. The municipality of Lesachtal (area 19.62 km2, pop. 1,665) comprises the Cada ...
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Florida
Florida ( ; ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders the Gulf of Mexico to the west, Alabama to the northwest, Georgia (U.S. state), Georgia to the north, the Atlantic Ocean to the east, the Straits of Florida to the south, and The Bahamas to the southeast. About two-thirds of Florida occupies a peninsula between the Gulf of Mexico and the Atlantic Ocean. It has the List of U.S. states by coastline, longest coastline in the contiguous United States, spanning approximately , not including its many barrier islands. It is the only state that borders both the Gulf of Mexico and the Atlantic Ocean. With a population of over 23 million, it is the List of U.S. states and territories by population, third-most populous state in the United States and ranks List of states and territories of the United States by population density, seventh in population density as of 2020. Florida spans , ranking List of U.S. states ...
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Multiplier Effect
In macroeconomics, a multiplier is a factor of proportionality that measures how much an endogenous variable changes in response to a change in some exogenous variable. For example, suppose variable ''x'' changes by ''k'' units, which causes another variable ''y'' to change by ''M'' × ''k'' units. Then the multiplier is ''M''. Common uses Two multipliers are commonly discussed in introductory macroeconomics. Commercial banks create money, especially under the fractional-reserve banking system used throughout the world. In this system, money is created whenever a bank gives out a new loan. This is because the loan, when drawn on and spent, mostly finishes up as a deposit back in the banking system and is counted as part of money supply. After putting aside a part of these deposits as mandated bank reserves, the balance is available for the making of further loans by the bank. This process continues multiple times, and is called the multiplier effect. The multiplier may ...
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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 arrangements more frequently used by property developers Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the rig ...
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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 lodging, 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. Ho ...
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Austin American-Statesman
The ''Austin American-Statesman'' is the major daily newspaper for Austin, the capital city of the U.S. state of Texas. It is owned by Hearst Communications. The distribution of the following ''The New York Times'', ''The Washington Post'', ''Associated Press'', and ''USA TODAY'' international and national news, but also incorporates Central Texas coverage, especially in political reporting. The paper covers the area's music scene, especially the annual South by Southwest Music Festival, and 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 and online – reaches 68% ...
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Airbnb
Airbnb, Inc. ( , an abbreviation of its original name, "Air Bed and Breakfast") is an American company operating an online marketplace for short-and-long-term homestays, experiences and services in various countries and regions. It acts as a broker and charges a commission (remuneration), commission from each booking. Airbnb was founded in 2008 by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia. It is the best-known company for short-term housing rentals. History After moving to San Francisco in October 2007, roommates and former schoolmates Brian Chesky and Joe Gebbia came up with an 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 were unable to bo ...
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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'Ang ...
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Timeshare
A timeshare (sometimes called a vacation ownership or vacation club) is a Real property, property with a divided form of ownership or use rights. These properties are typically resort Condominium (living space), condominium units, in which multiple Party (law), 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. The timeshare market has been subject to criticism. 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 f ...
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Europe
Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east. Europe shares the landmass of Eurasia with Asia, and of Afro-Eurasia with both Africa and Asia. Europe is commonly considered to be Boundaries between the continents#Asia and Europe, separated from Asia by the Drainage divide, watershed of the Ural Mountains, the Ural (river), Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea, and the waterway of the Bosporus, Bosporus Strait. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and Europe ... is formed by the Ural Mountains, Ural River, Caspian Sea, Caucasus Mountains, and the Black Sea with its outlets, the Bosporus and Dardanelles." Europe covers approx. , or 2% of Earth#Surface, Earth's surface (6.8% of Earth's land area), making it ...
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