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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
A hostel is a form of low-cost, short-term shared sociable lodging where guests can rent a bed, usually a bunk bed in a dormitory sleeping 4–20 people, [1] with shared use of a lounge and usually a kitchen. [2] Rooms can be mixed or single-sex and have private or shared bathrooms. Private rooms may also be available.
In Toronto, rooming houses were common in the 1930s, during the Great Depression, because "wealthy homeowners" who had guest houses would rent out empty rooms to be able to keep their homes. After WWII, the city ensured that rooming house spaces were available for returning soldiers. [ 9 ]
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Homestay (also home stay and home-stay) is a form of hospitality and lodging whereby visitors share a residence with a local of the area (host) to which they are traveling. . The length of stay can vary from one night to over a year and can be provided for free (gift economy), in exchange for monetary compensation, in exchange for a stay at the guest's property either simultaneously or at ...
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