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Business

How to Make Your Vacation Rental Business a Success

How to Make Your Vacation Rental Business a Success
mm
Danielle Moses
October 29, 2017

Welcome to a New World of Travel 

The travel industry has hit a new level in the past few years. Travelers are not just visiting your average urban cities around the world, they are exploring everything from the countryside to the jungle. Always connected and constantly looking for an adventure, today’s travelers want it all—from the most exotic to the most centrally located. Travel is no longer a seasonal industry, it is a year-round business. When the opportunity arises, seize it. 

Being a modern-day traveler is about more than seeing new places around the world; it’s also about gaining new experiences. Most young travelers seek unique travel opportunities and want to connect to the places they visit and be more like locals than tourists. 

Travelers no longer need or want to pay for overpriced hotels and unnecessary amenities. For these reasons, they flock to the world of short-term and vacation rentals. According to the Smarthosts Vacation Rental Forum, in 2016, the vacation rental market was valued at $100 billion dollars and is predicted to reach $167.9 billion by 2019. This industry just keeps growing and is taking over the travel industry. This takeover is forcing businesses to market in an entirely new fashion. 

 

What You Need to Make It Big 

Short-term and vacation rentals fulfill travelers’ desires to experience local life. With a booming industry, the business opportunities are endless. As the industry continues to grow and become more competitive, it is important for property managers to have the smartest technology available to organize their companies’ activities and help them reach their maximum potential. 

Guesty makes all of this possible. With an end-to-end solution for short-term property managers, the platform works to centralize businesses’ activities in one place. 

Guesty’s robust yet simple platform allows property managers to control their listings as they wish. With features such as channel management, you can sync all listings with each other and list them with the correct availability while maximizing your revenue and increasing bookings on empty nights. Guesty also offers property managers the opportunity to control the data and information shared through an owner’s portal. This provides homeowners with transparency, so they can view the revenue and bookings in a report while letting the property manager handle everything else. 

Guesty is here to ensure that operations stay manageable and organized. Seamless automation tools allow property managers to automate emails to guests regarding events and customize content. These automation tools assure that guests receive responses to their questions in a timely fashion as well as any information they need before, upon, or after check-in and check-out. In addition to the operation tools that Guesty offers is another favorite: the Staff Management App. This feature gives your staff members easy access to all their assigned tasks along with any listing information needed to get the job done. Managers can track statuses and completion of assignments, monitor work duration, and see the tasks remaining on the Guesty dashboard. 

Keeping a business organized is the key to helping it grow. With the reporting and analytics features offered on Guesty’s platform, every property manager has the tools he or she needs to see where the business is growing and where it can improve. Companies can use this data to more than double their business revenue and increase bookings and guests. This information can even lead to an increase in listings. The Guesty Integration Marketplace allows managers to use their preferred apps and operate as they choose with all its integration options. 

Guesty supports property management companies of any size— from those with a few listings to those with hundreds of properties—while improving their management performance and demonstrating automation and consolidation. Guesty’s seamless cloud-based property management solution will increase conversions and profits by reducing time spent on tedious tasks and investing it in creating additional streams to maximize revenue. 

 

The Takeaway 

Guesty is recognized as the one unifying solution for property managers and has implemented tremendous ability for short-term property managers to scale their businesses. “Guesty’s features will generate more direct revenue together with the ability to increase awareness and distribution of listings,” said Amiad Soto, CEO and cofounder of Guesty. “Our company has been growing tremendously in order to continue producing outstanding new features and open up endless opportunities within the industry.” 

As the travel industry changes, Guesty continues to provide property managers with state-of-the-art smart technology in one seamless end-to-end platform. 

Related ItemsbusinessdataGuestyproperty managementRevenue Managementshort-term rentalSponsored NewstechnologytravelVacation Rental industryvacation rental marketvacation rental marketingVacation rentals
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Business
October 29, 2017
mm
Danielle Moses

Danielle Moses is the content manager at Guesty, the all-in-one cloud-based platform for property-management companies worldwide. Danielle is a vacation-market expert with a business marketing degree and vast experience in the short-term rental industry. You can contact her at Danielle@guesty.com.

Related ItemsbusinessdataGuestyproperty managementRevenue Managementshort-term rentalSponsored NewstechnologytravelVacation Rental industryvacation rental marketvacation rental marketingVacation rentals

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