As the days get warmer, it’s time to review and optimize your rental business. By completing a few simple steps, you can easily increase your bookings of your vacation rental. In our guide for vacation rental owners, you’ll learn how to conduct a comprehensive check-up of your vacation rental so you can increase bookings, increase your occupancy, and boost your revenue!
There are guests who book last minute, but there are also travelers who plan far in advance. Think about the group that plans their vacation for the next 12 months at the beginning of the year (for example, their next family vacation). These guests will appreciate being able to book their vacation rental months in advance.
There are also travelers who like to book a year in advance. Therefore, to fill your calendar, it is important to open your availabilities far in advance (at least 1 year) and thus benefit from early bookings. The more days available in your calendar, the better your ranking will be in the search function of the booking portals. Therefore, it makes sense to open your calendar two years in advance.
Avoid blocked periods
With the onset of the Covid 19 pandemic, many vacation rental owners or managers have blocked extended periods of time on their booking calendar between bookings. Now is the time to delete these blocked periods and possibly even let guests check in on the same day (after a thorough cleaning, of course). This way you won’t lose a day between bookings, which is good for your occupancy and revenue.
Accept last minute bookings
You shouldn’t miss out on spontaneous last-minute bookings. They fill your booking calendar and increase your revenue. A channel manager helps you manage last-minute bookings and avoid double bookings or other problems.
A channel manager also allows you to synchronize your calendars automatically and in real time. This way, your potential guests will always have access to the correct availability of your rental.
As a owner/manager, you can also automate your guest communication through this tool: Create personalized message templates and send them at specific moments of the booking (booking confirmation, sending your Guest Guide or house rules, information about access to your vacation home, thank you letter, request for rating, etc.).
The instant booking option makes the booking process much easier for your guests. If you want to enable instant bookings in your Airbnb account, you can add additional booking criteria. For example, only people who have submitted their ID to the platform or only guests with positive recommendations from their previous hosts can book with you. You can also set that interested people have to sent you a message before booking. You can find more information here.
To increase your bookings and attract additional guests, you should offer flexible cancellation options. Psychologically, people are more inclined to bookings that they can cancel flexibly and free of charge.
If your vacation rental is advertised on popular booking platforms like Airbnb, Booking.com or VRBO, you can put your cancellation policy there:
If you also offer your vacation rental on your own rental homepage for direct bookings, you have full control and can of course choose your own cancellation policy.
Your competitive situation in the vacation rental market is strongly related to the location of your rental. In addition to vacation rentals and vacation homes, travelers may also choose hotels if, for example, the price is lower. Therefore, it is important that you are competitive when it comes to pricing. However, finding the optimal price for your accommodation is not easy.
Dynamic pricing tools can help you with this. They ensure that your prices are automatically adjusted to the environment of your vacation home. This way you increase your revenue and save time as well. You can set your minimum prices and minimum length of stay to make sure your recommended prices are in line with your overall business goals. Finally, you need to bring in enough to cover your running costs.
When you work with a dynamic online pricing tool, you’ll enjoy the following benefits:
Learn more about dynamic pricing in our blog post.
When it comes to vacation rentals, the listing for your accommodation is the showcase. Your texts and images must be enticing and arouse your target group’s desire for a vacation. This is the only way to get them to book.
Also, make sure that the layout of your ad is clean and well-structured on all platforms. The text and photos may be displayed differently from one portal to another, requiring minor adjustments.
In addition, you can also improve your booking rate with your response to messages.
If a guest is interested in your accommodation, they may send you a message before booking because they still questions. You should respond to this quickly, as this shows that you are a responsible landlord. In addition, it may be that the guest has contacted several landlords. Therefore, the faster you respond, the better your chances of getting a booking.
Airbnb encourages hosts to respond to booking requests, information requests, and all other messages from guests within 24 hours. If you don’t respond within that timeframe, Airbnb will adjust your profile and potential guests will see that you don’t always respond right away. This is not good for business and undermines your professionalism.
Using vacation rental management software such as channel managers like Smoobu can help you grow your rental business and increase your booking rate.
A powerful channel manager offers many benefits to vacation rental companies like you:
Try Smoobu free for 14 days and make renting out your vacation home easier!
Just like spring cleaning, you should regularly check and dust off your settings when renting out your vacation home to bring everything up to date and attract additional guests.