Why should I consider vacation rentals? You’re probably in the accommodation business and you’ve been working hard, happy with your operation until everything closed down and we had to start from scratch; when suddenly you thought about vacation rentals.
but you don’t know how to start, operate and maintain this business!
With this guide we will light your way to the most profitable business segment and that will surely
you have heard, so that property that you have there without generating profits will now produce.
A new trend in accommodation rentals: holiday rentals
An innovative business that was constantly accelerating in 2020 had its forced pause
and is now awakening to revolutionize traditional business; although there are online websites
like Airbnb, Google vacation rental or even TripAdvisor rentals have been the same users
that due to distancing policies and restrictions in public places due to the covid effect-
19 positioned the rental of private and independent places making them a trend and
looking to the future as the kings of accommodation.
Non-constant income as a profit
Of course yes, generally a real estate does not generate any type of utility, subject to the
normal wear and tear from residential use until the day of its sale when it may have a use
in its price for the valuation.
Now this property can generate attractive profits if you know how to exploit its qualities.
With this list of attributes you will know the viability of your property and its effectiveness in
rent it.
- Located in a city or tourist town
- Close to shopping areas, restaurants, bars.
- Security in the area where it is located.
- Ensure that your equipment is as complete as possible to meet the needs of the
visitors.
Does your property meet these attributes? Now let’s get to the numbers part where you’re sure to find out.
you will smile.
This is what you will earn
Recent analyses in major cities and areas with tourist attractions show that
The increase in profits compared to traditional rental is up to 200%, this could indicate
That together with good marketing management you could have a gold mine in your favor that will
needs.
What is the right way to promote my vacation rental?
You have reached this point and here you will do the magic to get guests to your property. Today
Nowadays there is no business that does not depend on online sales and this is one of those, so
Read carefully and enjoy….
Google Vacation Rental
A site with the best positioning for your property, correctly completing all the
attributes that make your property stand out from the competition will ensure success, it is important
Please note that at the moment there is no way to publish directly on Google vacation rental
but through a website or a channel manager that makes your connection with Google hotel it
You will be able to achieve this, there are some channel managers that do not charge for this service and this would be of
great help in climbing to the top.
Tripadvisor Rentals
A site considered a mandatory destination on the guest’s journey towards confirmation of the
reservation; since its inception, tripadvisor has allowed us to know what guests think
guests of the places they visit and this became a definitive factor in making you a
idea of each accommodation.
Here guests search for accommodation and can contact you directly.
to confirm your accommodation and clarify any doubts; if your guest is convinced, he/she will be able to carry out the
payment through tripadvisor; works great if you don’t want or have the ability to have a
website.
Airbnb
Based on the motto of sharing the spaces you don’t use, this website allows you to
Publish your property and create ads to ensure positive exposure, for a fee of
Commission for sale guests check the availability of the property with you, confirm and
pay through the website.
Unlike the competition, Airbnb offers a 24/7 support service in case you need it and
works for both you and your guest.
It is important to consider that any of these three options handle commission charges for
sales, some lower than others, but with benefits.
How does technology help in vacation rental management?
In addition to a channel manager that helps you keep your sales channels synchronized
(OTAS and vacation rental sites) it is important that without or without a website you manage a
Booking engine that allows you to obtain direct reservations without generating any commission charges
additional for the sale in addition to allowing you to share all the benefits of your property in
additional tools such as social networks, WhatsApp and mailing.
It is ideal that you can find this in a single module and you do not need to be jumping.
among tools to achieve your goals.
“Created by hoteliers for all types of accommodation properties, we have been able to participate
of the growth of entrepreneurs who have given their share of trust by using our
LOBBYPMS tool, see how your income increases and your businesses stay under a
Effective management control that gives them peace of mind by being able to monitor it from any
device and from anywhere.
Since we encourage our clients to use LobbyPMS in the management of their
properties such as short term rentals we have seen their constant growth bringing order to their
finance identifying very good profits compared to traditional renting.”
