Have you always wanted to start your own vacation rental business, or are you looking to increase your current vacation rental business in 2020?! Look no further. We are going to go over everything you need to know to take your vacation rental to the next level!
The vacation rental industry is growing and changing; so should your Vacation Rental business. In 2019, the vacation rental market in the US showed earnings of more than $17 Billion!
Experts say that by 2023, revenue could grow to early $19.5 Billion. Isn’t that AMAZING?!
Here are a few ways that can help you earn a piece of the pie.
Are You Treating Your Vacation Rental Business Like A Hotel?
Research has found that vacation rentals are becoming more popular to travelers than ordinary hotels. That doesn’t mean that we, as hosts, nevertheless can’t learn a lot from the way hotels operate.
Travelers are more likely to remember their trip if they feel happy and excited about it, even before it begins. So it’s all about offering your guests a great experience.
Start by sending them a welcome message and include a manual with recommendations for restaurants and things to do in the area. 9/10 occasions, guests staying at short-term rentals want to experience life as a local.
Who doesn’t love a nice present? This is the part where you can get creative. You may want to leave your visitors a local specialty like a bottle of wine, some snacks, or even a little souvenir to remind them of their wonderful stay at your property. It is a small gesture, but it is going to make a massive difference to your guests and may even enable you to get that 5-star review.
Why Should You Include A Welcome Book For Your Vacation Rental?
Ever wondered about creating a Welcome Book for your guests? Your Book will serve as a guide for your guests during their stay. It will inform the guests of the house rules and everything that’s available to them during their stay.
Does your property have a few quirks? You’re not alone. Every property does! Let your guests know where the hard-to-find light switches are, which remote is the one that actually turns on the television, and info about that 1 burner on the stove that gets way too hot. And bear in mind, although most of these things are common knowledge to you, your guests will have no idea.
They can get frustrated when searching to find the answers. Make it as easy as possible for them! Your Welcome Book is the perfect outlet for descriptions, instructions, pictures, and all the rules your guests should follow during their stay. Just make sure you keep it short, fun, organized, and easy to read.
Do You Use Smart-Home Technology At All Of Your Properties?
Haven’t jumped onto the smart-home train yet?! Well, it’s about time that you do so! Smart-home technology devices are a MUST for every vacation rental owner in 2020! Not only are they adding more value to your property (highly appreciated by your guests), but they serve as a security for your property, to make managing a vacation rental business so much easier.
Smart locks are a simple way to make your guests life a breeze. They are currently revolutionizing how property managers and homeowners keep their guests happy. No one has to worry about losing a key again! With smart locks, all our guests have to do is look at their phones and type in the provided key. It is that effortless!
Ever considered using Noise Monitoring at your property? NoiseAware’s Noise Monitoring Sensors allows you to have an insight to the well-being of your property without interfering with your guests’ privacy. If your guests wind up being too loud, NoiseAware allows you to get involved and ensure the safety of your property as well as your neighborhood.
Do You Know The Simple Trick For Your Towels/ Washcloths To Stay Clean?
This might look like a random tip to you, but doesn’t every host struggle with the same issue? Of course, towels are loved by everyone. They look fresh, clean, and add that resort vibe to our vacation rentals.
But sadly, most of the time, our white towels that are fine won’t stay white . It only takes one guest to wash their makeup off with your pristine towel to destroy it.
Ever wondered how to keep your washcloths clean and makeup-free from guests washing their faces? It is something you wished you thought of before all of the trips to the store for replacement towels!
The answer: black wash clothes. Monogrammed them with”MakeUp” to ensure your visitors reach for the black towels instead of your white ones.
Do you allow pets on your vacation rental?
Who doesn’t love to travel with their pets? Pet-friendly vacation rentals are on the rise. According to Booking.com, 42 percent of pet owners around the world would choose their accommodation based on the fact of whether they could bring their pets.
As vacation rentals typically offer more space than a simple hotel room, it makes them far more desirable for pet owners if you’re searching for a place to stay. So why not change your rules and allow pets at your property?
While allowing pets at your property might mean more work for you, just think about all of the new bookings you are getting.
If you are worried that someone is going to bring a pack of animals, set a limit on the number of pets and their weight limitation, to make you feel more comfortable. Some hosts ask for a picture of the pets before the stay, so they have an idea of what sort of pet will be at their property.
In Case You Showcase Your Outdoor Space To Increase Bookings?
An increasing number of travelers are opting for health-focused vacations. A report from the Global Wellness Insitute found that health tourism is now a booming $639 Billion market. You want to highlight things that will help people calmly relax when staying at your property!
Have a pool or a spa in your backyard? Make certain that you showcase it on all of the booking platforms! Create a little wellness oasis in our backyard that guests will love and never want to leave again.
Make sure that you get some high-quality outdoor furniture that offers enough space for everybody to sit down or lay down by the pool. You also want to supply some pool towels and consider having an outdoor kitchen area where they can grill food without leaving the relaxing space you have created.
Do You Include Luxury Items On Your Vacation Rental?
Don’t we all love to experience a little more luxury when we’re on vacation? Spending a bit more money upfront to spend in a few luxury items for your guests will make a huge difference. Don’t worry, we don’t want you to break your bank account but here are a few suggestions on items you might want to consider getting for the vacation rental:
- Nespresso coffee machines
- Ninja or VitaMix blenders
- Tempurpedic mattresses
- Stainless Steel range stoves, refrigerators, dishwashers, and microwaves
Ultimately, having all of these products on your rental will not increase your bookings but will offer your guests the ideal vacation experience they can get.