Booking.com keeps hinting that it intends to become a full-service travel agency. But these products are often less profitable than hotels. So it risks a bumpy ride. No wonder it is considering revamping its rewards program and building a chatbot to help with merchandising. Read the full article here.
Despite the enormous amounts of revenue generated by OTAs, owners are concerned about the cost of doing business with them. The marketing exposure that Homeaway.com, VRBO.com and AirB&B.com give to VROs has tremendous value.
Business travelers look for different things than your average guest. Sprawling views aren’t as important as proximity to airports. En-suites are preferable to shared bathrooms. Free private parking is a more coveted amenity than beach access.
Local events or festivals that are of interest to your past guests can propel them to book your property for a few days. Some examples include the ‘super bowl’, a huge soccer tournament, festivals, film festivals, music festivals etc. With well-timed marketing, you can not only generate inquiries, but also have your vacancies occupied to the last day.
This maturation does not come without growing pains, particularly for those hosts that gravitate towards the "couch share" version of Airbnb. But, exactly how uncomfortable would it be for a host to gain the Airbnb "Plus" badge, and most importantly, how much would it cost?
Have you decided to break into the vacation rental market and rent out a property? Great choice! Today, due to the ease of the Internet when it comes to booking vacation properties – especially the rise of home-sharing sites like Airbnb – reaching potential guests has never been easier. If you’re planning on sprucing up your property in anticipation of your first guests, you’re likely wondering where to begin with renovations. Try the following renovation tips for first time vacation home renters to get started..