What if the industry assumptions about OTAs are wrong?
The vacation rental industry is finding itself at yet another turning point in its history. Online distribution channels have consolidated, with four major players taking the lead: Airbnb, Priceline-owned Booking.com, Expedia-owned HomeAway (and VRBO.com), and TripAdvisor. Phocuswright’s 2016 study “A Market Transformed: Private Accommodation in the U.S.” reported that “while property management websites held the advantage as recently as 2013 [just under 60 percent], online intermediaries will capture 63 percent of the online market in 2016, rising to 70 percent by 2018.”
Read on: http://www.vrmintel.com/industry-assumptions-otas-wrong/
How Can You Actually Save Money on Managing Your Rental Property?
Managing rental properties comes with many challenges. As your business grows, those challenges often get bigger and more complex. There are many moving parts from scheduling housekeeping and staying on top of repairs and maintenance to marketing properties and creating positive guest experiences.
Read on: https://bookingteam.com/2017/06/23/how-can-you-actually-save-money-on-managing-your-rental-property/
Vacation Rental Sales: How to Explain High-Season Rates
The phone conversations vacation rental agents are having with today’s callers has changed in many ways. Now that potential guests can see multiple photos and virtual tours, there is still one question that callers continue to challenge our agents with every day: “Why are the rates so much higher this time of year?”
Read on: http://www.vrma.org/blog/vacation-rental-sales-how-to-explain-high-season-rates
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