What You Need To Know In The Vacation Rental Industry 06-22-2017steemCreated with Sketch.

in #news7 years ago

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!

Airbnb is buying a scam-fighting background check technology

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Airbnb is getting more serious when it comes to keeping fraudulent listings and shady renters off the website. According to Bloomberg, the short-term rental platform is buying Trooly Inc., a startup specializing in background checks to fight off scammers. Airbnb has been using Trooly’s service to authenticate user identities since 2015, but now the company is making its tech an integral part of the platform by purchasing its intellectual property and its engineering team.

Read on: https://www.engadget.com/2017/06/17/airbnb-to-buy-trooly-background-check-tech/

Petition Requesting Investigation of Expedia and TripAdvisor Circulates Among Homeowners

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“We urge you to hold hearings on the duopolistic practices of Expedia and Trip Advisor,” states the petition. “Since Expedia bought the host of vacation home rental website of Vacation Rentals by Owners (VRBO), they have bullied the small businesses of vacation home renters. They have sought to take over the control of our properties, and they have imposed a 9% to 12% booking fee on our renters.”

Read on: http://www.vrmintel.com/petition-claiming-collusion-expedia-trip-advisor-circulates-among-homeowners/

What are the best sites to list my vacation rental on?

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In the digital age, it seems like there are hundreds of places to list your vacation rentals. However, with so many options, how do you know which ones are truly worth the investment of your time and resources?

Read on: https://bookingteam.com/2017/06/21/what-are-the-best-sites-to-list-my-vacation-rental-on/

Thanks for reading, 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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Was not aware of the Expedia thing, wow.

Your post is very interesting to read, At the same time can add my insight .. before I do not understand about aibnb, and I also do not understand how the work aibnb .. in Indonesia have started there are many who lease his place through AirBnB, maybe this would be a great way of performance to earn extra money especially We have got more rooms at home.. thank for you share, hope nice your day..

AirBnB is very helpful for travellers and good for those who rent rooms. I use this service in Thailand - very safe btw

As a traveler myself, I always use Airbnb especially in places where hotels are overpriced. I've had couple bad experiences though

Bad experience is possible too because there are a human factor - on AirBnB some people could be awfull

AirBnB is a very good choice and cheaper than other options in the market.
Have tried it several times and had no issues.
Would highly recommend people to start using it whether you were the customer or the supplier.
Good Luck!

It would be nice to list countries where you can rent or rent a house through AirBnB.

This would be a great feature...

thank you very much..☺

You should be able to find them on their website as you sing up. I use airbnb all the time and it works great

Hale Airbnb👋👋👍🏻👍🏻😁😁

A very enlightening post. The situation in Jamaica is a bit different so the parallel is a bit of a stretch. Thank you for brining it this to light. No knowleage is wasted knowleadge :)

666 TEREM TARAM ILLUMINATI

what the heck

Consolidation in the on-line rental business.

Thank you @bookingteam.com for publishing this post . The industry is believed to be worth $100 billion, with the U.S. accounting for just over a quarter of that — and Research and Markets predicts the global vacation rental market will close in on $170 billion by 2019. Meanwhile, a survey indicates that in the first four months of 2017 alone, vacation rentals startups attracted nearly $100 million in venture capital funding, concentrated in the U.S. and Europe.

hey dude

I've just got out of the Military and am experiencing freedom for the first time in a long time and my plan was to to rent vacation rentals long term. The first place I took to was Airbnb and there was many options that I liked. The problem I had was either the host not approving my long term dates 30+ days or others redirecting me off of the Airbnb site. For the sake of experiment, I did interact with the person off site and of course he was trying to get me into a long term agreement through the place he works. This is exactly what Airbnb advises against. So I started looking around and found Homeaway and I found a great vacation rental on there and the transaction went through smoothly. I do think in terms of user experience and search ability Airbnb has the best app hands down. On the flip side, their fees can be quite ridiculous. For example, for Florida there is a 13% tax on the rental as well as another 7-13% in service fees. So if the vacation rental is $4,000, you c an expect to pay a little over $5,000 which is a painful hike.

I will check bookingteam.com, it may be a huge help, thanks!

It is interesting that the mentioned petition condemns duopolistic practices from TripAdvisor and Expedia and not rather oligopolistic practices from those two plus Airbnb and Booking.com. The dependence on these listing sites has become one of the toughest challenges in this industry, not only for property owners but also for vacation rental management companies, who have seen their margins plummet. There are many ways to overcome what some call the "listing site dependence" and building an independent website is the first step to getting more direct traffic and direct bookings, even if most of the leads now typically come from one of the big 4.

Thanks @orbirental!! And it is great to see you here. We totally agree the bigger picture is a much larger problem which decentralization should hopefully solve. Now, all we need is a decentralized direct booking platform that does not rely on google so that rentals can take back their profits and guests can have much much better deals :)

I love the concept of Airbnb and thanks for sharing the views about these companies. These all are related to travel.. you seem to be a travel freak.. i also love travelling and do share all my experiences and photographs here.. if you wish you can visit @indiantraveller

I'm elated to partake in such informal information pertaining to the Air BNB Agency. The Vacation Rental business is definitely something I will partake on as of Next Month, this Information not only warned me it placed me as well as others intrigued with this ahead of the game in the Business.

Is'nt vaccations the only thing ONE WORKS FOR ???🤔🤔 If yes than why do we forget it in our busy lives ??? Where do we take all our money if it is'nt meant to enjoy. Because I GUARANTEE none takes them with oneself into the COFFINS 🙂

So go for a vacction soon to give urself a TASTE OF LIFE ❤️

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