A property manager in Colorado recently got a new view into their market. Their 3 bedroom home was consistently booked and earned enough to cover its expenses – by most measures a success story! Yet when looking at the full picture, how successful? Like so many other property managers, they started to wonder “is my vacation rental listing underpriced?”
As a revenue or property manager, how do you improve performance? The first step is internal reservations data & market data, which allow you to project, set targets, track progress & identify key adjustments. We look at types of vacation rental data, applications & resources including Transparent tools.
This article dives into how Airbnb, Vrbo & Booking.com OTAs compare, and what it all means for vacation rental distribution.
OTA performance through the recovery is relevant to some degree, and whilst there are some core, widely acknowledged differences, a data-based look at the shape of each short-term rental OTA is a huge step towards understanding your short-term rental distribution. What does the average listing look like? (Who you’re competing with) and what does the average booking look like? (Who your guests would be). Read on for the importance of distribution strategy and OTA comparisons.
Despite a major recovery this summer, European travel volumes are still behind the pre-pandemic days, which are not expected to be surpassed until 2024. The most recent edition of the ‘European Tourism Trends & Prospects’ quarterly report from the European Travel Commission (ETC) continues to monitor COVID-19 impact on the sector, examining how travel is rebounding amid the current wave of infections and ongoing vaccination programmes.
Vacation rentals represent a significant sector of accommodation in every market worldwide. So how do you understand their impact, demand, revenue and growth? Data. In this article we dive into DMOs & data: how tourism organizations should approach short-term rental analysis to answer their questions & strategise effectively for their whole market.
Vacation rentals are primed for another golden age, and supply can tell the story. We take a look at the vacation rental supply evolution we’ve tracked in top cities from January 2019 to November 2021, including the pandemic. We also analyse the impact of regulations on inventory in those cities under most regulatory pressure.