The Department of Economy and Tourism (DET) officially uses the term 'holiday homes' to reference the sector. However, the use of the term 'holiday homes' can be slightly confusing, as a huge portion of people who stay in short term accommodations are not on 'holiday' as the name would imply. This was particularly true during the pandemic, when many residents wanted flexible accommodation because of job loss etc., and 'holidays' were virtually nonexistent. Broadly, all these terms imply the same thing: a furnished, residential dwelling, that is operated for the purpose of hosting guests for less than 90 days. We prefer the term 'short term rental' to describe the sector, because it's generic enough to describe all the different reasons people chose to stay (vacation/holiday, business, resident stays, etc. most of these purposes require the services of a short term apartment rental agency).