Want to save money, save time, be more organized and look more professional when it comes to managing your vacation rental property? The MyVR team has been busy building great new features — it’s like spring cleaning for your property management to do list.
Archives For Online Bookings
Whether it’s ease of use, a sense of security, or the attraction of points and other incentives, travelers think “card is king” when it comes to booking their accommodations online.
A recent survey by PhoCusWright found that among lodging suppliers – a group that includes vacation rentals – 68 percent of website bookings are made and pre-paid by credit card. With a predicted 98.3 million people in the U.S. booking travel plans online this year, that preference for plastic isn’t anything to sniff at.
And yet, a lot of vacation rental owners do – although not without reason. The same PhoCusWright survey found that vacation rental owners aren’t alone in their concerns about
- Credit card fraud (accounted for 1.1 percent of bookings via company websites),
- High processing fees (averaging 2.5 percent for credit card transactions), and
- The actual process involved.
As a result, a lot of owners turn away credit cards in favor of checks or money orders – neither method less likely to expose them to fraud, but perhaps easier to manage with low or non-existent fees.
But what does that choice cost their business? Continue Reading…
Review Part 1 || Guest post by Tyler Gillespie
Unfortunately, we also have one big self-defeating problem: Inconsistency. That’s why I believe that a key part of your focus – this year and in future – should be on streamlining operations to become more professional. Much like a hotel.
Whether you manage your rental business on a part or full-time basis, here is my advice to kickstart the “hotelization” of your vacation rental property by zeroing in on the things that will keep your business running smoothly. Continue Reading…
From movie tickets to home improvement projects, people are increasingly comfortable booking and paying for things online. The vacation rental industry has been a little slow to take advantage of this, but is change coming? We think so!
“Online transactions are a still surprisingly low % in this industry,” Jonathan Murray, CEO of MyVR, told Matt Landau of the Vacation Rental Marketing Blog earlier this year.
However, Jonathan’s one of several experts who feel online transactions are ready to take off. Tom Hale, Chief Product Officer at HomeAway, also told Landau that 2013 “would have to be the year of ‘online booking.’”