Last weekend I had the pleasure of attending the VRWS conference in Barcelona. With amazing speakers and a great crowd I learnt an awful lot. Here are my 47 super useful golden nuggets of information I gleaned from this years event... enjoy!
47 golden nuggets from the VRWS to increase bookings, save time & be better a better host / manager
Last weekend I attended the third edition of the Vacation Rental World Summit (VRWS) in Barcelona. I had the pleasure of meeting passionate and savvy owners, managers & technology providers from all around the world, sharing their unique information & insights - I had an amazing time, so a big thank you to all the speakers, Antonio, Cristina & Adrian.
Rentivo, Klik, Vreasy, AVROA, BookingSync & of course an owner đ
Iâd love to share with you the 47 takeaways I found extremely useful. This post was candidly written from notes - I have awful handwriting so apologies if they arenât entirely accurate. Iâve categorised my notes by speaker and included my own thoughts into the mix.
The entire event was filmed and all the slides & footage will be available on the Vacation Rental World Summit soon, so make sure to sign up for full access to the amazing information shared!
Enjoy!
OTA = Online Travel Agency (Airbnb, HomeAway, VRBO, TripAdvisor, Booking.com etc)
Adrian Brown 2be2serve.com
1. Learn what problems your guests are trying to solve by booking with you
All guests take vacations to solve various problems in their lives, whether itâs to unwind from stress, satisfy a desire to experience new things or take an opportunity for important family bonding, people take vacations to solve their own individual problems.
Itâs important to understand these problems so you can solve them throughout the guest experience - which we all know leads to better reviews & more repeats.
For example, you own a small city rental. After questioning guests, you find most of them are business travellers from abroad.. they choose your rental because it has great transport links to the centre. Why not provide transport maps, a free topped up tube / bus pass or a voucher for a free dry cleaning pickup?
2. Complaints come when guests buy into price
Be careful marketing to guests on the basis of price - theyâre more likely to complain. It was mentioned that advertising with Booking.com could lead to worse reviews because guests buy into price. Instead, donât focus on price, focus on the amazing guest experience you provide. Get people to buy into your vision.
3. Reward guests for negative feedback
Always reward guests for negative feedback. Positive feedback is great but will never give you an understanding of how to improve and become better. If a guest helps you make the experience better, send them a gift - they may turn into repeats.
4. Donât let the guest leave with a shitty experience
Itâs easy to focus on making sure guests are happy right up until they leave - but if something goes wrong in the closing hours, theyâll leave with a bitter taste and bad reviews.
5. Hospitality is the entire guest experience
Hospitality encapsulates the entire guest experience, not just the booking process. Itâs essential to build rapport with the guest and be their friend.
These are the stages to hospitality:
- Define your ideal customer
- Make the aware of you
- Influence their expectations
- Deliver an excellent experience
- Build relationships
- Nurture & strengthen bonds
Antonio Bortolotti vacationrentalsecrets.com
6. The biggest success factor is guest communication and your website is your biggest asset for communication
Antonio really drove home the importance of having your own website. Itâs the basis for direct bookings and communication with your guests. It allows you to have greater control over your company, make more cash and improve the guest experience.
7. Use a 3 step email sequence for enquiries
After every enquiry/inquiry launch a 3 step email sequence, designed to nurture the enquiry into a booking. Antonioâs secret is to have the final email offering something amazing and unexpected to clinch the deal.
8. Use a custom page for every guest enquiry
Using Wordpress, itâs possible to create a personalised booking page for every guest who enquiries - with their name, video testimonials, photos, descriptions and a link to pay. Again, another example of going above and beyond to produce the unexpected - imagine their reaction!
Note: You can create your own or you can follow the exact template that Antonio uses to convert 100% of the inquiries he gets into solid bookings. He created a step by step course that makes it easy to build his same system and you can access it for free for 30 days at fbf2016.com- just enter the FREETRIAL coupon code before check-out)
9. Use video, it doesnât have to be expensive
Video is amazing - An awesome to way to quickly consume vast quantities of information and perhaps the best way to sell your vacation rental. It doesnât have to be expensive - hereâs an example of a video which paid itself back with one booking:
Which makes up part of casamarazulsanpancho.com, Antonioâs latest site he built for a fellow property owner.
10. Remote personalised welcome with a Skype call & video testimonials
Sure, this is extremely time consuming for a manager but for an individual owner itâs perfect - a great to way deliver a unique experience. Also using ecamm, youâre able to record conversations and use them later for video testimonials
11. Use Whatâs App to chat with guests
Over 1 billion people use Whatâs App and growing. Itâs a great way to have an informal conversation with guests to build rapport and be their friend. The guest also feels like they have a direct & personal line to you, the owner.
12. Use peek.com to watch how people interact with your website
Pretty self explanatory - people record themselves (with audio) using your website. Itâs a good way to see how you can improve the usability of your website so it can have a greater impact on conversions.
Martin Picard vreasy.com
OTAâs are for trip planning
13. Only 23% of our travelers budget is dedicated to accommodation
People are price sensitive, however only 23% of our travelers budget is dedicated to accommodation! Lots more money to be made from guest services (if we provide them). For example, taxis, tour guides, attractions, event etc.
14. OTAs own the booking experience, donât let them take the guest experience
Luckily the property still remains the centre of the guests universe on holiday - thatâs their base. OTAs have done an amazing job at refining the booking process but now they may might try and take the guest experience too by offering ancillary services.
However, as Martin pointed out, each OTA would have a different guest experience. Thereâs a lack of consistency across multiple platforms in the guests experience which negatively affects you and your ratings. Itâs the one thing you still control and the one thing you have to stand out amongst the crowd - donât let OTAs steal it!
Personalised tour guides through your eyes - no OTA could replicate that.
15. Remove damage deposits
An interesting point but one I agree with coming from a tech background. Think about removing the damage deposit... itâs just another pain point for guests that negatively affect their experience. Martin is happy to do this because he covers the cost through his additional services provided from Vreasy.com.
16. Make fun of yourself and even leave typos in your initial communication with guests
Many of Martinâs emails and notifications are completely automated. Heâs made sure to add a funny photo of himself and even leave typos in the email to add a personal touch to show theyâre talking to a real human (kind of).
17. Implement a company culture to save time
With a strong company culture, youâre able to unburden yourself with mundane tasks because you can trust in your team to live by a code. Martin has distilled a culture in his management team by giving them a pot of money and full autonomy when it comes to complaints.
For example, if the boiler breaks and the guest complains - the management team are able to fix the problem and buy the guest an expensive bottle of wine without Martins permission - massively reducing stress!
18. Use smart interactive checklists before the guest arrives
Both Vreasy & BookingSync are great when in comes to automating guest & management notifications.
In this case, Martin uses a smart interactive checklist to ensure the guests have received their arrival instructions. Texts are sent if guests havenât verified theyâve read the instructions.
This also presents an opportunity to determine the type of guest - do they want help or do they want to be left alone?
Alan Egan rentmoreweeks
19. There are five stages to travel but we only focus one: me, me, me
According to Google there are 5 stages to travel:
However, we only focus on the booking stage - selling our amenities like en-suite bedrooms, balconies and even our kitchen sinks! Thatâs NOT why travellers go on holiday, they go on holiday for the location, culture, sights, sounds, attractions and events. Why not focus on that?
20. Create a daily blog schedule to attract people with attractions (1-2 hours per week)
Write a daily blog, it need not take longer than 15min per day. Each day you can cover topics such as:
- What to do
- What to see
- Where to stay
- What to eat
- Whatâs on
This creates a unique place where travellers can view useful information about their destination. Sell your holiday home secondary. Youâre very unlikely to beat OTAs in SEO for terms like "vacation rentals in XXXXâ, however, you'll have a much better chance at ranking for "Love saves the day festival in XXXXX".
21. Share your posts on social media and use hashtags to increase exposure by x5
Share every blog post on your social media accounts and include hashtags such as holidaysinlocation whatsonlocation - hashtags open up your social media reach by making you post visible to interested parties.
Richard Vaughton rentivo.com
22. OTAs are like crack cocaine
Richardâs slides were all about the future & direction of the industry. The second portion of his presentation was a panel discussion with questions from himself & the audience directed at panellists from Airbnb, Booking.com, Klik Villas & Original Cottages.
Probably the biggest highlight from the panel came from James Ellis - Original Cottages who said:
âOTAs are like crack cocaine, theyâre addictive but not very good for your healthâ
- James Ellis
23. Use a personal assistant for night time enquiries
From the panel discussion we also learned the benefit of handling night time inquiries/enquiries with a personal assistant from around the world by answering enquiries immediately.
24. Guests are paying more because OTAs are forcing hosts to mark up prices
The host / OTA relationship is causing hosts to mark up their prices in response to increasing commissions, which means guest are paying more for rentals - not to mention guest service fees too! Booking direct should theoretically save guests a tonne of money!
25. 2016 is all about brands
Search terms for holiday rentals (vacation rentals in ****) have been decreasing since 2004 but search terms for OTAs & popular brands (Airbnb, Booking.com) have been increasing.
This clearly demonstrates the increasing importance of brands. Theyâre an amazing resource that provides trust which small independent websites canât match.
26. Vacation rentals are hot property, OTAs are growing and so are commission rates
This is probably an obvious point but itâs important to note that OTAs and the entire vacation rental industry is on the increase. There are enormous sums of money involved and itâs spawning 1000s of new businesses:
27. Airbnb has the best reputation amongst guests
Rentivoâs OTA survey demonstrated that Airbnb has the great reputation amongst guests - according to hosts:
28. Thereâs a shift from globalisation to personalisation
The world's moving to personalised experiences. Itâs no longer good enough to send blanket marketing messages, one size fits all - millennials are leading the way, demanding a more personalised experience. This requires smarter tools and more data.
If you know what the guest wants before they arrive - their experience could be dramatically improved.
29. Other trends & future predictions
Vacation homes, technology demands, manager consolidation & host collaboration are increasing. A.I will become bigger and better - chat bots and devices like Amazon Alexa maybe the future of booking holidays:
There will also be an increase in video and new forms of media, such as virtual reality walk-throughs of holiday rentals.
30. Vacation rental software will connect & share data
New and existing software will begin to connect & share data. Vreasy & bookingsync.com are great examples of software which connects to multiple apps, providing you and your guest the best experience.
SĂ©bastien Grosjean bookingsync.com
31. Bring communication outside OTAs
Use software to automate notifications and send guests arrival instructions with a âpre-filledâ form to capture guest details and move communication outside of OTA platforms.
This provides a professional experience... and by connecting to apps like Mailchimp, you can send targeted email campaigns to your existing customers to increase repeat bookings.
32. Use home automation to automate & control remotely
Home automation was covered many times throughout the VRWS, which demonstrates its growing popularity. Seb showed how companies like Nest can help you automate & control aspects of your home remotely, such as monitoring security & safety, adjusting temperature, changing lights and much more.
These are great tools to save you time and improve the guest experience!
33. Use welcome apps to identify your guests wants & needs
Welcome apps are tablets or software that are installed in your holiday home, to provide guests with useful information.
Seb proposed the idea of using these devices to record search terms used by the guests to identify common themes. What do your guests want? And how can you use this information to pre-empt & improve the guest experience?
Dennis Klett lodgify.com
34. Convert more visitors into bookings with great branding, design and UX
Dennis covered how you can increase conversions and make more direct bookings with great branding, design and UX. Instead of me summarising his presentation - Lodgify have already created a beautiful infographic:
You can read their full post here.
Vanessa De Souza Lage rentalsunited.com
35. 2016 is about offering a professional service, 2017 will be about connectivity
This doesnât conflict with the industry moving toward personalization - I think they go hand in hand. Expectations are increasing and to stay ahead of the pack - we must adapt.
Next year's trend will be about everyone connecting together as mentioned earlier.
36. Manage operations with these super products & tools for your home
- Great guests: Bnbsitter,WeChat
- Smart Locks: Renting Lock, August, Lockitron
- Key Exchange: Key Nest, Key Cafe, Igloohome
- Cleaning: Properly
- Noise Monitoring: Noiseaware, Party Squasher, Room Monitor
- Safety: Nest
Thibault Masson rentalpreneurs.com & booking.com
37. 97% of people are not ready to book when visiting your website
Additionally, the average travellers visits 4 separate websites and makes 7 enquiries before booking. These statistics clearly show that most visitors to your website are NOT looking to make a booking.
This presents an interesting problem, one that can be solved through âre-marketingâ. The idea is to capture visitors details in order to sell them your holiday rental when they ARE ready to book.
38. Use Facebook to nurture your website visitors, previous guests & newsletter subscribers into booking
Using Facebook Custom Audiences, hosts & managers can create âcustom audiencesâ to show Facebook ads too. For vacation rentals this would be website visitors, previous guests or newsletter subscribers.
Thibault uses Facebook to display a free guide about his property location, in exchange for an email address. This encourages website visitors, who are no longer on your website, to leave their email address - which you can use in future to send promotions about your rental - very smart.
39. Use Facebook to spy on your competitors & target people with direct flights to your location
Using Facebook Audience Insights, owners & managers can understand where their competitors bookings are coming from.
In Thibaultâs example, he used this technique to identify where almost all his competitors guests were from - the major U.S cities with direct outbound flights to his location.
With this clever insight, every ad campaign targeted these locations specifically to increase conversions and bookings.
Andy McNulty guesthook.com
40. Develop a brand voice
According to Moz, about 16% of people read all the content on your website! Skimming isnât always the incase and itâs for that reason what you write is extremely important.
Developing a brand voice allows you to express your tone, style, humour and personality - which is key to driving conversions.
Your brand voice starts with a key message - something you want to convey throughout your content - your USP. Below are some really good examples of brand voice on vacation rental websites:
- Kid&Co: Tailored to families with kids
- Oliverâs Travels: Tailored to luxury villas
41. Words to use in your listing
Your/me/we, verbs, because, introducing, discover & fun
42. Words NOT to use in your listing
Awesome, best/most, excellent, customer service, cheap, affordable, budget - these are all words you need to prove with evidence, otherwise guests wonât trust you.
Alex Nigg & Tammi Sims getproperly.com
43. Airbnb guests rate their stay 15% better than on other listing sites like TripAdvisor
An extremely interesting statistic - this is because people rate other people more tactfully than businesses. Airbnb is amazing at being personal, youâre connecting directly to the host (with a profile picture).
The biggest takeaway from this statistic is to be more personal throughout enquiries and on your website. Youâre the face of the business - make guests feel like they are talking to you, not your company!
Make guests feel like they are talking to you, not your company!
44. Google doesnât really âknow' about local attractions, find someone who does
When constructing free traveller guides, guest guides or welcoming guides itâs important to remember information coming from a local expert is infinitely better than information from Google.
Todayâs guests appreciate an authentic experience over a tourist experience
45. Go above & beyond for guests, itâs all in the details
Alex & Tammi are both super hosts, they understand a great deal about how to give the guest an amazing experience.
Alex expressed he has an amazing track record of 5-star reviews - His secret - Truffle Oil!
Well, not just truffle oil but thatâs just one example of wowing customers. Little details like pre-stocking Truffle Oil over Olive Oil & incorporating an Amazon Alexa in your kitchen for cooking measurements adds up to an unexpected and amazing guest experience.
46. Personalise your home but draw the line with socks
A great way to personalise your home is by adding a shared bookshelf, with books that you read - books that are different and unique to you or your message. Even encourage guests to take and leave their own books!
Leaving family photos in your home is a great way to give guests a personal experience but draw the line - guests donât want dirty socks in their draws!
47. Airbnb data mines keywords in your reviews
I never knew Airbnb did this but itâs a very clever idea - By data mining keywords in your reviews, Airbnb understands what guests love and hate about your rental. Therefore itâs important to focus on getting good reviews with as many keywords as possible, so your listing is super applicable.
The best reviews come after you shock the guest with an amazing and unexpected experience!
Get early bird tickets for next years VRWS in Florence, Italy
This was the VRWSâs first live event - and what a success. The event has an amazing family feel with many intelligent & like-minded individuals. Iâm sure next year will be even better!
You can get early bird tickets to next years Vacation Rental World Summit in Florence, Italy here.
P.s. Thanks for reading - You can read more of my posts over at Smarthosts.org.