The key to optimizing a vacation rental property’s performance? It’s all about understanding the Big Three: Occupancy, Average Daily Rate, and Revenue Per Available Rental Night.
Identifying trends in these three key performance indicators – and their relationship to each other – can help you maximize revenue throughout the year.Continue reading The Big Three: Occupancy, ADR, and RevPAR
In Part I of this series we looked at detailed ways you can enhance your vacation or short-term rental properties to appeal to guests year-round.
In today’s highly competitive online marketing environment for any type of travel accommodations, and especially in our area of the Cape Fear with more traditional vacation rentals, it’s exactly the details and extras that turn an okay rental performer into an all-star with solid, repeatable business in all seasons.
While things like flexible booking options, special seasonal offers, and a fully stocked and well thought out kitchen can get you consistent 4 and 5 star reviews, consider the new “must haves” and even the “great to haves” as you plan out your amenity list and offerings that can truly put your property at the top of any list.
Must-Haves for Every Guest Experience:
If you have a home at the beach, it’s usually pretty easy to attract guests to your property during the summer months, but are you maximizing your home’s potential for guests year-round?Continue reading Maximizing Your Property For Year-Round Guests (Part 1)