What You Need To Know In The Vacation Rental Industry 08-25-2017

Hey there everyone, welcome to the BookingTeam "What you need to know in the vacation rental industry" blog post! See below for everything to keep you up to date with the vacation rental industry. Enjoy!

Skift Reports on the Current State of Relationships Between OTAs and Hoteliers

Most major hotel company CEOs are still insistent that their direct booking pushes are working, but they’re candid about also maintaining ties with major online travel agencies like Expedia and Booking.com.

Hilton CEO Christopher Nassetta, when asked about the looming threat of Airbnb and short-term rentals recently, said he actually thinks Airbnb appears to be becoming more like an online travel agency (OTA) and that’s actually a “good thing” for hotels because it forces the other companies like Expedia and Booking.com to be more competitive.

Read on: http://www.vrmintel.com/skift-reports-current-state-relationships-otas-hoteliers/

Discrimination: An Old Problem For A Young Industry

I literally could not believe the words. These were my friends. Good friends. Not racist people… Or, so I thought.

“I’m not racist, but I don’t really want to rent my home to Hispanics.”

How could they say this? The older man that said this is African American and knows first-hand what discrimination feels like. In my mind, he is a hero that lived through one of the toughest and darkest times in our country’s history and prevailed to be a successful black businessman against all odds. I had always thought of him as a great warrior in the fight against racism. His words couldn’t be true.

Read on: http://www.vrmintel.com/discrimination-old-problem-young-industry/

Why Isn’t My Vacation Rental Making Money?

Starting a new business venture is exciting. If you are in the vacation rental business, you may have already bought a property or prepped a spare room or home. You’ve filled out all the paperwork and insurance. Hired a cleaning staff and repair men. Created and shared listings on the popular rental sites, and your doors are finally open for business.

Now, you are sitting back, waiting for the bookings to come in, but what happens when they don’t? It takes funds for rental property upkeep, taxes, and other responsibilities. If it’s not making money, it could mean you’re losing money.

Read on: https://bookingteam.com/2017/08/24/isnt-vacation-rental-making-money/

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