How to Increase Revenue From Your Vacation Rental by bookingteam.com

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· @bookingteam.com ·
$343.41
How to Increase Revenue From Your Vacation Rental
*For vacation property owners and managers, finding ways to increase revenue from rentals is critical to your bottomline. With online listing sites, it is easier than ever for anyone to list their property. In other words, there is also more competition than ever.*

![Screen Shot 2017-07-20 at 10.31.17 PM.png](https://steemitimages.com/DQmX8myNCUN4CHsBdtZoyJNLecSWZeXZSv6AojCmNwpAScv/Screen%20Shot%202017-07-20%20at%2010.31.17%20PM.png)

To increase revenue for your vacation rental and stand out from your competitors, follow these tips:

**1. Offer special promotions or deals during off-season months.**
For property owners, a majority of annual income comes in during the peak vacation times, usually summer months. However, by letting your vacation property sit vacant during the off-season, you could be missing out on a lucrative stream of revenue.

One way to attract guests during off-season times is to offer discounted prices or special deals. Whether it is a lower price or a free spa day with every off-season booking you need to provide incentive. By offering guests something that is unique and only available at certain times, it entices them to book when they normally wouldn’t.

**2. Manage your online presence.**
Today, the primary way that people research, find and book properties is online. It is vital to monitor and manage your online presence, especially when it comes to reviews. In a [2016 TripAdvisor survey](https://www.tripadvisor.com/VacationRentalsBlog/2015/12/04/2016-vacation-rental-survey-10-insights-property-managers/), 99% of respondents said they wouldn’t consider a rental with mostly negative reviews. Another 72% said they wouldn’t book one that didn’t have any reviews at all.

It is also important to make sure that your listings are reaching the highest number of people online. The more people that see your listing, the greater number of opportunities you have to get a booking. 

With BookingTeam.com you can track reviews and feedback, and manage all your communications from one platform.  Your booking team also posts your listings to the best booking sites and can save you hours of wasted administration time.

**3. Craft high-quality listings with detailed information and images.**
It is important to get your listing on multiple, high-traffic rental sites to increase your property’s reach. However, quality is just as, if not more important than quantity. If your listing doesn’t have relevant and helpful information, it hurts the overall guest experience and your booking rate.

Be transparent and give guests honest, clear details about what to expect from your vacation property. Include professional images of your property with your listings. Most people won’t even consider a property without pictures. Let them know which amenities are available and booking requirements, like length of stay or number of guests allowed.

**4. Offer add-ons and increase value.**
The [top three features that attract people to vacation properties](https://www.tripadvisor.com/VacationRentalsBlog/2015/12/04/2016-vacation-rental-survey-10-insights-property-managers/) are stunning views (87%), on-site laundry (67%) and a private pool (46%). However, there are other ways to add value to your rental property, besides a renovation.

You could offer guests the option to rent equipment like kayaks or camping gear. Another option is to partner with local businesses and offer activities like a canoeing, hiking, or cooking and dance classes. Giving guests more things to do during their stay can increase the value and revenue of your vacation rental.

**5.  Use technology to help you improve the entire guest experience.**
People want convenient booking experiences, and they want personalized and memorable stays. It doesn’t matter if you have the most luxurious vacation property in the area, if your overall guest experience is lacking, then your revenue will take a hit.

[BookingTeam.com](https://bookingteam.com/)’s support system streamlines the entire process, from booking to check-out. It simplifies property management for busy owners and managers so that you dedicate more time to crafting amazing guest experiences and less to tedious tasks like posting listings and tracking online reviews. Instead, it is all integrated into our easy-to-use, collaborative platform.
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vote details (197)
@bitdollar ·
All great points that I try to always incorporate. BookingTeam.com knows the business!
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@barteksiama · (edited)
Yes. I  agree with you completely and I've been folowing your tips for years now to great success.
Except wait... I don't have a vacation rental. darn :D
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@atechforu ·
Nice article absolutely agreed with your thoughts sir. i appreciate your efforts and work.
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@dim753 ·
$0.04
Excellent ideas, this article is totally useful. Resteemed
👍  ,
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vote details (2)
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vote details (6)
@nxah ·
Will start to use these tips! Thanks
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@chandu91 · (edited)
Hey @bookingteam.com
You made the  right linking to original articles (references) while crafting this post unlike your earlier posts. 

Hope you remembered my suggestion during our interaction at comments. That's great and when coming to your article above. As usual @bookingteam.com short and crisp points. But nailed on the head nicely. Good article.

I'd like to add for point no.**2: Manage you online Presence**

Imagine if your are looking to rental property and where it has some positive and negative reviews. 

There the host doesn't even respond and reply them. 
What you may think? 

**"How irresponsible host? He doesn't even care about guests after he receive money... I can't be another victim.. Let's skip this property..."**

BAAM!! That's it. It's all how it ends.

To show the gratitude and how responsible host you are to your guests. Always ask them to review your project and also reply to each and every one. No matter what level of significant review it is.

Just reply them politely and acknowledge their efforts for investing their time to review your property. 

Even for the highest degree of negative review/comments. Respond politely and agree to them if they are genuine and commit yourself to rectify it and let them know it. You are not another sucker. A responsible host who cares about them. even after they left.

That creates a warm feeling of your guests to come back again and they don't ever hesitate to refer you to others even you don't offer off season discounts. That's true.

Coz, nowadays online marketing is everything, it can either make you or break you.

My thoughts which I felt might add a little more value to your post.

As I say every time. I am open to correct myself. 
Take it or Leave it.
👍  
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vote details (1)
@romantic4 ·
U guys are so awesome
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@pandamama ·
We just said goodbye to a family who had been with us for 30 days.  It was too long.  We have changed our maximum stay now to 14 days and also not taking children anymore.  We've had wonderful reviews since we started in May
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@enomujjass ·
nice post
thank you
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@screenname ·
Re: How to Increase Revenue From Your Vacation Rental
<p>This post has been ranked within the top 50 most undervalued posts in the second half of Jul 20. We estimate that this post is undervalued by $16.91 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-jul-20---part-ii">The Daily Tribune: Jul 20 - Part II</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
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@abutaleb365 ·
Upvote and follow me
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@bllackwidow ·
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@yullierush ·
Hi, i'm a newcomer in steemit. I just follow and give up vote on your pot. 
I really like the post you created. As a newcomer, will you give up vote on my introductory post? 
Because that is my first post. I would be very happy if you also want to follow my steemit account. 
For your kind attention and support I am very grateful.
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@pobi ·
This is great
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@luckyfellow ·
Nice vacation.
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@leoemrys ·
Do you know?

Obama drinks water because
he can't eat it.
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@appledeguzman ·
thanks for that insight.... we own several cottages in a secluded island.... we are renting it out to tourist.... 

because it is not yet developed, and the island was untouched.... foreign and local tourists love it.... thats why my dad decided to built some cottages.... 

and its a huge success.... we are profiting from it... 
and we continue to improve our services and our rooms.... so we can compete with other rentals and transient houses....
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@arcange ·
Congratulations @bookingteam.com!
Your post was mentioned in my [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20170720) in the following category:

* Pending payout - Ranked 5 with $ 342,76
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@toon · (edited)
Definitely agree with this point from item #2

 " In a 2016 TripAdvisor survey, 99% of respondents said they wouldn’t consider a rental with mostly negative reviews."

Even though most people only leave a review if it is negative, I read online reviews thoroughly and pay attention the the dates of the reviews to see if the business has changed at all or continues to receive mostly negative reviews.

Vacation rental properties sounds like an awesome business with mostly passive income. I imagine this is more profitable than normal residential renting. Thanks for sharing.

-T😋😂N
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@macee ·
Enjoyed your post, Keep the good work going!
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@paolasofy25 ·
amazing! I´m gonna consider all your tips when I can do this kind of job.. I don´t know if it will be this year or next year.. But your tips can ve uself for me considering you have your experience on it. Thank you for posting it. See ya soon @bookingteam.com!

Kisses and hugs from Venezuela!
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@comfortplanet ·
Interesting post, follow and upvote
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@fercho ·
I am from Margarita Island, a great tourist destination. Greetings.
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@fercho ·
I do not think it's an ethereum killer
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@agaupt ·
Thanks for the great tips my friend.
👍  
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vote details (1)
@padmakshi ·
good idea
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@jyotirmay · (edited)
great post dear enjoying ....... :) :) 

You can visit my blog post
https://steemit.com/travel/@jyotirmay/some-beautiful-place-in-india
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@ajaykawan ·
Awesome tips.I like it
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@ppatap ·
While planning for the rents of the room, the owner or manager of the hotel/resort should always have a watch over the prices of the of other hotels surrounding it. He should also understand the financial  conditions of the tourists visiting the hotel. The rents should be arranged in such a way that in an affordable price  tourist will get the best room available in the area. And also from outwards the hotel should be attractive. If all of these are considered then the hotel business will flourish in no time
👍  ,
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vote details (2)
@maintain4real-eu ·
Wao! bookingteam you the best.
I love this piece. Keep the fire burning
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@simonfinkelstein ·
How about the rental competition in Cambodia, any good leads/ websites i should visit?
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