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Glossary

This glossary defines key terms used across the ILS Platform documentation.

TermDefinition
ADRAverage Daily Rate. Revenue divided by booked nights.
AssetA tracked piece of equipment or infrastructure in M2.
Booking WindowDays between reservation creation and check-in.
ChecklistA standardized task list used in M2 work orders and PMP.
ConsumableAn inventory item that gets used up, such as toiletries or cleaning supplies.
HostifyExternal vacation rental platform providing data to M4.
Inventory ItemA tracked item in M3 with stock levels and location.
ListingA property record in M4 (often synced from Hostify).
OTAOnline Travel Agency (Booking.com, Airbnb, VRBO, etc.).
OnboardingThe process of collecting all property data before activation.
PMPPreventive Maintenance Plan and schedule.
PropertyA managed villa or asset group in the ILS Platform.
RevPARRevenue per available room. Revenue divided by available nights.
SSOSingle Sign-On. Centralized authentication via Authentik or Clerk.
Stock MovementA change in inventory quantity (purchase, use, transfer).
Work OrderA maintenance request tracked from creation to completion in M2.