Home stays a popular form of hospitality and lodging whereby visitors sleep at the residence of a local of the city to which they are travelling. The length of stay can vary from one night to over a year and can be free, in exchange for monetary compensation, in exchange for a stay at the guest's property either simultaneously or at another time (home exchange), or in exchange for housekeeping or work on the host's property. Home stays are examples of collaborative consumption and sharing. In cases where money is not exchanged in return for lodging, they are examples of a barter economy or gift economy.

Villa can be very similar to a house in that it can closely resemble a standard, single family home, but villas are also known for being luxurious, larger homes with their own gardens, vineyards or courtyards, hotel-like services and water fixtures, like pools and fountains.

Farm stays are a type of a home stay, in which the visitor stays on a working farm.

The terms of the home stay are generally worked out by the host and guest in advance and can include items such as the type of lodging, length of stay, housekeeping or work required to be performed, curfews, use of utilities and household facilities, food to be provided, and rules related to smoking, drinking, and drugs.