What You Need To Know In The Vacation Rental Industry 07-27-2017
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!
Google Is Testing Vacation Rental Search in Its Hotel Price-Comparison Tool
In the past month, some Google searches have been revealing an option to comparison-shop vacation rentals.
In our checks Tuesday, Skift could find vacation rental filters for Barcelona, Berlin, Bordeaux, Cologne, Dresden, Frankfurt, Lisbon, Madrid, Munich, Milan, Naples, Nice, Nuremberg, Paris, Palermo, Porto, Reims, Rome, Seville, and Venice.
The results are limited to a small subset of alternative lodging inventory similar to traditional vacation rentals. Collectively we counted about 7,000 property listings. That is a mere smattering of the potential rental listings in Europe.
The State of the Vacation Rental Market in 2017
In the shadow of all the hype and momentum that Airbnb has attracted in recent years lays significant business opportunity in professionally-managed vacation rentals. To say that the market is growing may not be entirely accurate. Inventory is tight and there’s plenty of change and consolidation now taking place, as these properties go online and leverage tech to squeeze further efficiencies and value-add for the end consumer. This report takes a holistic look at the vacation rental ecosystem, examining the property management groups, marketplaces, and technology that are changing the face of accommodations as we know it. It’s what Skift Research is calling the three waves of consolidation in the vacation rental space.
How tech is disrupting the vacation rental market
Technology is quickly becoming the great differentiator in the crowded vacation rental home market. “We’re a tech company at our core,” says Cliff Johnson, co-founder of the full-service vacation rental company Vacasa. “Without our proprietary technology, we couldn’t scale our business the way that we are.”
The Portland, Oregon–based startup says its dynamic pricing system guarantees homeowners they’ll make more money with Vacasa than any other platform, including Airbnb.
Read on: https://uk.movies.yahoo.com/tech-disrupting-vacation-rental-market-162948736.html
If you have a Vacation Rental STOP… do not do one more thing before checking out www.bookingteam.com where we can look after everything for you… it’s your own personal booking team, around 24/7 for you and your guests.
Good to know for when I can afford to buy a holiday home to rent it out! Cheers!
I know this comment will earn more than your post!
We love your optimism.
I was trying.. I had no chances! I am following you guys!
Followed you back! Steem on @jwolf !
wow! Thank you so much! Hope you won't be annoyed by my thousands posts daily! I am trying to be consistent..I just joined 1 month ago :D Steem on!
You probably spoke too soon. :)
lol
Excellent post., thanks for sharing this info. The vacation rental industry is booming thanks to AirBnB, according to ITB, the shared accommodation industry is worth 3% of the total travel market share. That's a huge amount considering the travel industry is worth around $7 trillion a year.
Indeed @robolist. And best of it all is that it is a sharing economy, meaning this 3% reaches more people than the 97% of that 7 trillion.
Loving the updates as always, keep them coming! Fascinating to read about dynamic pricing, but it makes total sense and seems to be the next logical step in the industry as tech evolves and adapts.
Totally @jobsande, dynamic pricing is essential. We partnered up with Pricelabs who actually scan the market constantly and our integration updates the most appropriate pricing to all the booking sites connected. This way rentals make about 30% more revenue on average. Steem on! (And maybe open a vacation rental?)
Steem on - never heard that before, might have to steal it from ya ;)
Have you guys heard about the new Steembnb initiative (our alternative to Airbnb?) I came across a previous post where someone came up with that and it seemed to catch on - I can dig it up if you want me to... seemed like people were only offering places in Span and S. America at the moment but who knows, maybe it'll expand?
Great post! Thanks for sharing.
It's fascinating to see the effect tech is having on every industry.
People will look back on our time as a digital renaissance in a few hundred years time. We are living through history.
really useful! thanks ;)
Very Informative Post Thanks @bookingteam.com :)
Right now I am on a vacation trip at south India with family.
I was completely depending on the Google search - comparison tool you @bookingteam.com discussed above.
You are completely right. Who use tech can find more guests. I can see that here... Lot of hosts not yet in to this tech here.
Every host asks me only one thing at the time of checkout. "Please take time write a review about us. We are trying to improve more"
Nice hosts....
شكرا