What You Need To Know In The Vacation Rental Industry 08-16-2017
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!
How to Create a Great Vacation Rental Property
There are vacation rental properties and there are great vacation rental properties. Owning a great rental property can make you stand out from the crowd and will ensure that your property is rented as often as you’d like it to be. This will also ensure that you not only get top dollar, but repeat customers.
There are two types of rental properties – those that are used by the owners, and those that are not. Often those used by the owners are favored as they tend to be kept cleaner, more up to date and feel more like a home away from home. Regardless of whether you choose to use your rental or not, let this be your guide to owning a great rental property. Conversely, if you are a renter, use this as your resource to help you choose a great rental home.
Read on: http://freshome.com/2013/08/26/how-to-create-a-great-rental-property/
10 Emerging Vacation Rental Industry Trends in 2017
The rising popularity and the evident preference of vacation rentals over hotels of many a seasoned traveler is not unknown to anyone with the slightest interest in the tourism sector. Over the years, holiday homes have conquered the lodging industry, and their reign is here to stay. So let’s have a look at 10 specific trends that the vacation rental industry is going to go through in 2017.
Read on: https://www.luxuryrealestate.com/blog/2016/12/16/10-emerging-vacation-rental-industry-trends-in-2017
Yielding For Vacation Rental Success: The Basics
If you are in the vacation rental industry, you’ve likely heard of yield management or yielding. In simple terms, yielding vacation rentals is the strategic adjustment of pricing to maximize revenue in response to market changes.
However, it is much more than just discounting or increasing your pricing. You have to know when to adjust your pricing and by how much. At BookingTeam.com, yielding is one of a variety of methods we and our clients use to maximize vacation rental revenue. Here are the yielding basics property owners and managers should know:
Read on: https://bookingteam.com/2017/08/15/yielding-for-vacation-rental-success-the-basics/
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.
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Thank you for sharing, that's helpful
Nice model!
Hmmm. It was noteworthy that 'Owner-used #properties' are preferred over ones that are vacant. So I learned something new today. I hadn't realized it.
The tips in the article (SEE HYPERLINK) to 'Add extra pillows and throws on the couch', #Books & magazines, and little collections (Like rocks from the ocean/river, shells, etc) are indeed valid. And I also concur that putting up some tasteful artwork can help a place feel 'more like home'..
Thanks for this illuminating piece.
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