Archive for February, 2009

Vacation Home Managers Beating the Odds in a Down Economy

Wednesday, February 25th, 2009

Boise, ID – February 25, 2009 – LiveRez, (http://www.LiveRez.com ), the emerging leader in online vacation rental booking software, is enabling vacation home management companies around the country beat the slowing economy by enhancing their presence on the web, and driving more online bookings.

LiveRez, a complete online vacation rental property management solution, is focused on increasing bookings and making vacation property managers fully operational to maximize online bookings. LiveRez offers best-in-class websites, a booking engine, property management system, online marketing services, and a unique “Pay-As-You-Book” approach which provides a mutually beneficial partnership between LiveRez and vacation rental managers.

KZ Cabins,located in the north Georgia mountains, chose LiveRez because it needed a new website, streamline operations, and shift more of its bookings online.

“LiveRez is a business partner and has been incredibly responsive to our needs,” said Andres Zagarola, President of KZ Cabins. “Our new system has greatly reduced our operating costs and fueled a steady stream of online business, even in this tough economy.”

“Growing companies such as KZ cabins need a proven, scalable solution to manage their business,” said Ralf VonSosen, vice president of marketing for LiveRez. “Our passion is to provide vacation managers with a solution that will not only streamline their operations, but most importantly grow their business.”

KZ Cabins has seen the following benefits from the LiveRez partnership:
• More Online Bookings: KZ Cabin has seen a significant increase in the bookings completed online. Driven by SEO (Search Engine Optimization) and customizing its website content for its market.
• Services & Amenities: Increased selection of booking options, easy to use interface and property information for guests online
• Improved Operations: Virtual office model greatly reduces operating costs and improves efficiency of managing guest bookings and key management activities online.
• QuickBooks Accounting: Integrated solution with QuickBooks accounting to streamline accounting processes.

About LiveRez Inc.
LiveRez ( http://www.liverez.com ) drives more online vacation rental bookings. LiveRez provides the most complete online vacation rental property management solution available, enabling property managers to fully utilize the power of the internet in driving guest bookings, guest satisfaction, and the management of their properties. LiveRez takes a unique online-centric approach through its partnership with property managers, and is focused on making the online shopping experience pleasant, trustworthy, and complete. Successful partners include ALL STAR Vacation Homes (allstarvacationhomes.com) and High Country Resort Properties (highcountry-rentals.com). LiveRez is headquartered in Boise, ID. For more information,

Contact:
Ralf VonSosen
LiveRez, PublicRelations
( http://www.LiveRez.com)
+1.208.854.7717
ralf@liverez.com

HomeAway Online Reservation Announcement – What is it to your vacation rental business?

Wednesday, February 18th, 2009

HomeAway Offers New Reservation System is not exactly news to those of us who follow the vacation rental industry closely.  But the press announcement is out today and it seems good time to pontificate on what this means.

The Good:
Attention, publicity, and more recognition of our industry.  This enables a large portion of vacation home inventory to potentially be booked online.  This may spur interest in vacation homes across all kinds of travelers.  HomeAway will continue to be a good sales & marketing channel for vacation managers.

The Bad:
Competition – one of the advantages the vacation manager enjoys over the ‘rent by owner’ has been the ability to offer an online transaction.  A question comes to mind (let me know if you have the answer) – as a vacation manager, how do I synchronize a calendar with HomeAway to allow me to take bookings?  Sounds like you have to use the HomeAway reservation system to be part of theonline bookings on HomeAway.

The Ugly:
Lots of individual, lots of individual home, lots of one-on-one transactions, lots of $$’s, ………… this could create an environment with more fraudulent activity and undermine the credibility and trust we are trying to build into the vacation home rental industry.  Especially as it pertains to online transactions.

A comparison also comes to mind.  A spent several years working fro an eCommerce solution named Infopia.  Infopia provide small online retailers an eCommerce engine that allowed them to sell via their own website and via eBay.  Starting see where I am going?  Vacation managers have a brand (a valuable sign of quality & trust) on their own website, but no identity on directories, such as HomeAway.  Just like online retailers have an online store with a brand, but are just another supplier for an ‘I got it on eBay’ – even with branding efforts.

Which of these online retailers were most successful ?  The retailers who saw eBay as a sales & marketing channel.

Which of these online retailers were least successful ?  The retailers who saw sales on eBay as their goal – they lost their brand, competed only on price, and could not build their own business.  They became completely dependent on eBay.

An interesting analogy I think.

Ralf
LiveRez

January 2009 Top Ten Websites – Does this tell you anything?

Tuesday, February 17th, 2009

No vacation home rental sites in the Top 10! Got to change that. (back to the new years resolutions….let’s make that happen)

On a more serious note, check out the traffic. Interesting downward or even trends on the various sites, except for facebook.com and wikipedia.com. Since all the traffic on wikipedia.comis probably people looking up ’stimulus package’, ‘depression’, ‘recession’, and other uplifting economic terms, I want to focus on facebook.com.

Note the substantial increase. I have also see a substantial increase in activity on my personal Facebook page. I have had a Facebookpage for well over a year and until this summer, there was never much activity. In the fall, suddenly there were lots of friend requests, updated status (some of these updates really need not be shared), and I found myself searching for old acquaintances. I admit, I even started updating my status.

Why should you care? I think we should care about anything that is growing and capturing people’s (potential guests) attention. Social media such as facebook can help us to reach our market and, maybe more importantly, to understand our market. What gets people’s attention? What are the talking about? What do they have strong opinions on?

….and if you want, you can come visit me (Ralf VonSosen – only one there) and make me your friend on Facebook.

 

Ralf
LiveRez.com

New Target for Vacation Home Rentals – the Business Traveler

Wednesday, February 11th, 2009

Now, I am not thinking of the harried 2 night trip to Dallas, or the overnighter to Boston.  I am talking about two very specific categories:

  1. The long-term business traveler
  2. The business meetings & awards

The long-term business traveler is the consultant, or the person assigned to work with a different division or on a remote project.  These prospects can be all over the map, young & old, white collar & blue collar, high paid & low paid.  Finding them requires some creativity and some info gathering about what companies and projects you have in your area.  Is anyone bringing in lots of contractors, anyone starting up new business unity, anyone building a power plant (you would probably notice that one).

Business meetings, offsites, and award trips are being scrutenized like never before – by the government, the public,a nd the accountants.  An opportunity to offer companies an alternative to the high-flash vacation resorts.  The business meeting and awards will require you to do reasearch into companies as well.  You can look at what companies have done events at local hotels in the past, and you can start a marketign campaing directed at the HR and Executive groups.  Also think about going after the Marketing departments, maybe they want to give away some vacation time at one of your vacation homes as part of a promotion.

Hope this can help you get some more bookings.

Ralf
www.LiveRez.com

Week-to-Week Vacation Home Rental Only? More power to you if you can pull that off.

Tuesday, February 10th, 2009

Recently I had a conversation with a vacation manager about her strategy of week-to-week rentals.  We agreed that although that was a good strategy in the past, it might not be what she wants to do for 2009.  As a matter of fact, she already changed her business model to adapt to the changing traveler booking habits.

Here are some noteworthy stats – based on 2007/2008 bookings:

  • For 1 Week 25% 
  • For 6 days 20%
  • For 3/4/5 days 15%

My expectation, and what i am observing across our many vacation managers is that the % of 7 day rentals is decreasing and travelers are looking for more flexibility.  While not being able to afford the full 1 week vacation, they do not want to forgo the vacation completely and a few days is much better than no vacation home at all.

So my advice is, put the old ‘week-to-week’ rental only strategy on the shelf while the economy and travelers are in recovery mode.

Ralf
www.LiveRez.com

Targeting Your Vacation Website Visitors – 10 Tips

Friday, February 6th, 2009

 Targeting, segmenting, personalizing……whatever you want to call it, I am a huge fan and believe that much of online marketing success depends on the ability to do this well.  Following are 10 tips on how to look at the visitors to your website and how to target them with messages that will resonate wiht them.

Returning Visitors

Returning visitors already know the basics about your site. Help them learn more, have a richer experience, and convert faster by targeting a different experience after their first visits. For example, you might replace instructional or introductory language with more relevant content on a second visit based on what you want them to do next.

 

Frequent Converters

For frequent converters, give them targeted rewards – these visitors are the most valuable, and it pays to engage them more effectively.

Or, encourage infrequent purchasers to convert again by identifying them and then providing a more compelling offer.

 

Registered Users

Most sites devote a lot of real estate to user registration. If a visitor has already signed up, fill that valuable space with different content. A magazine site, for example, should remove the subscription sign-up content if an existing subscriber is visiting the site. If someone is already receiving your newsletter, use that sign-up space to promote something else.

 

User-Generated Content Providers

For visitors who contribute to reviews or discussions on your site, make it even easier and more rewarding to participate more. Highlight other opportunities to join your site’s community with layout changes or calls to action.

 

Weekenders

People behave differently depending on when they visit your site, so target campaigns based on day of week or time of day. If you have offers, promotions, or content that expire at certain times, targeting content based on time of day or day of week will give you an easy relevance win. Inform visitors of upcoming shipping cutoffs, show different content to lunchtime visitors, and try day of week offers to help drive conversion metrics.

 

Category Loyalists

Give your visitors what they are telling you they want. For the portion of your traffic that repeatedly visits the same category, make the favorite category even more prominent. Try changing navigation to put a visitor’s top category first in the list. Or deliver targeted calls to action and offers associated with the favorite category.

 

Searchers

Show returning visitors content related to their last site search. Or, make search functionality even more prominent for people who search frequently during their visits to your site.

 

Deciders

If someone provided job title as part of site registration or a request for information, focus your messaging based on that information. Create segments for different levels of responsibility to increase engagement and to identify decision makers or business owners. Speak to decision makers differently than decision influencers for greater relevance.

 

Locals

Even on the Internet, a visitor’s geographic location can make them likely to respond to different messages. Would you tell them something different if they were within a few miles of you?

Yahoos and Googlers

People who come from search engines may behave differently. They have used a keyword that you can use to align your solutions to their needs. For that matter, any traffic source may bring users with similar preferences. Use this knowledge to be more relevant to them.

 

 

 Ralf
LiveRez

LiveRez Webinar: Get to the Top of Google – 12 Dangers to Avoid (Google Blacklist)

Wednesday, February 4th, 2009

We are planning an awesome webinar for this month.  I am very excited to share this information and know that it will be beneficial in helping to drive more traffic and bookings.

Join us on Feb 19th.

SEO - 12 Dangers to Avoid (& drive more traffic than ever)

Free Live Webinar - Thursday Feb. 19th, 2pm EST

Travel Insurance against Jobloss – One way to get some bookings

Tuesday, February 3rd, 2009

On my way into the office this morning I listened to an interesting discussion about how some travel companies are utilizing travel insurance to help travelers feel more comfortable about booking a vacation.

Do not lose bookings to anxiety!

Do not lose bookings to anxiety!

There is tremendous uncertainty about incomes, jobs, and personal wealth among our target market.  In order to avoid losing potential vacationers, that will not book a vacation just because they are uncertain about their future income,  we can address that anxiety by offering travel insurance.

We have all positioned travel insurance for the purpose of helping travelers in case unforeseen events prohibit them from taking their vacation.  Well, the most likely unforeseen event for many travelers is the involuntary loss of income and inability to pay for the vacation.  Some insurance companies will guard against this loss of income due to the loss of employment.

Take the time to find out the details about the employment requirements the insyrance company has – could be 1 year employed or even 5 years employed at the current company.  Also be aware of other potential conditions.

Once this information is clear to you, offer it to customers to help them ease their anxiety about booking their 2009 vacation home.  This can also become a differentiators for you and make you stand apart from your competition.

Ralf
LiveRez.com