Posts Tagged ‘vacation rentals’

Groups? Feared or Endeared by You?

Friday, January 16th, 2009

A recent artilce in the Mercury News reinforced one of the advantages we have over hotels – we are a great value for groups.  That reinforces our targeted marketing, our value proposition, and is wonderful PR.

Read the article:  Big spring break group? Try renting a house!

“It was the perfect option. With a full kitchen, our meals weren’t subject to the whim of the hotel restaurant, especially when it came to the demands of two toddlers who preferred boxed mac-and-cheese over fish tacos. Everyone had their own room and bathroom. No bunking up. No fighting over who got to shower first before the wedding.
And, with a full house, it turned out to be a cheaper and more flexible option than most hotels.
We could hang out with the wedding guests at Costa Azul’s pool, or wander home and relax with homemade margaritas on our rooftop terrace overlooking the ocean.

…..we know all the resons……Now I insert the challenges. 

1.  The only option for finding a vacation home that is mentioned in the article is www.vrbo.com  .  Unfortunate.  WE as a vacation management iondustry need to step on the gas to get the vacation home maangement company message out there.
2.  Groups are often feared by many of us.  They definiteky require more due diligence and care to ensure proper care for the property, limiting liabilities, and ensuring safety.

How do you ensure large groups are not the ‘irresponsible party crowd’?  Here are some suggestions:

  • If it is an online booking, call them to confirm, welcome, and ask lots of questions.
  • The person booking my rental (who must stay at the cabin throughout the entire time) to be at least 25 years old.
  • Rental agreement  clearly states, that if any violations occur, the will be asked to leave immediately with no refund and no return of security deposit.
  • Agreement says no loud parties. (Be cautious if I there are colleges around.)
  • Don’t hesitate to come right out and tell them that you don’t rent to party groups or college crowds as the neighbors will complain.
  • Tell that you regukarky ‘patrrol’ all the rentals, so your tem will be driving by .
  • Ask what type of party the group is (married couples, family, students, hoodlums, ….).
  • Tell the that all guests must be registered to to get into you  community facilities .
  • Sample contract language:  4. NOISE: Because we respect our town, neighbors and the quiet enjoyment of their property, please do the same. This is a family home in a quiet residential area. This is not a “party house” and loud noise outside the house after 11 PM will not be tolerated and may result in your being evicted and losing your deposit and all monies paid.”

If you have any great tricks, please share.

Happy MLK Weekend!

Ralf
www.LiveRez.com

Fly-to or Drive-to….Be In-Tune with the Vacation Homes Rental Traveler

Thursday, January 8th, 2009

A trend that I have seen in recent weeks is that travelers are picking locations that are closer to home.  For example, although Big Bear ski area is not seeing as many out-of-state skiers at this time, they are seeing an increased number of skiers from the local southern California market.

I suggest that you pay closer attention than ever before to where your website visitors and your guests are coming from.  There may be a shift occuring in the markets where your guests are coming from.  Which translates into a shift into your marketign efforts, resources, and funding.  Missing this shift can cost you.

Now, if you are a fly-to destination, do not think you are (1) immune to this trend, or (2) just taking it in the shorts.  You also have options.  This trend will affect you, the fly-in guests will choose drive-to destinations.  So think about new target markets, new promotions, or new types of guests.  In the gas price crisis of the summer, drive-to destinations were offering ‘gas credits’.  Maybe you can offer help with the travel expense to fly-in customers?  One of our LiveRez vacation managers in Mexico has record bookings so far this season.

The point is  no matter which one you are, fly-to or drive-to, you must be in tune with your market more than ever.

All the best.

Ralf
www.LiveRez.com

Conversions – that is the trick, not just traffic

Thursday, March 27th, 2008

There are lots of ways to increase conversions on your website. Using the right images, testing different buttons on calls to action, decreasing the number of pages in your booking process. There are tools to help you do this, multivariate and split testing tools.

But one thing you can do before you even get to that point is proper keyword research. Conversions on your site start way back here.

I have seen many people bid on (or worse yet, SEO for) a keyword because it has a lot of searches. Obviously we want traffic to our website, because more traffic = more sales. Well, yes and no, more of the right kind of traffic = more sales.

A good way to do this is to take your internal site search and run some reports. There is a lot of information about how people view and search for your vacations. For example, you may have properties in Southern California.  However, your internal search reports may show that most of your visitors search for “california beaches”.

Semantics right? However, if that makes the difference in how people view your offering and influences them to book, then it’s obvious what word you should use in your marketing.

The research is worth it, in the long run it will pay off. Instead of trying to fit square pegs into round holes, you can spend your conversion efforts fitting round pegs into round holes.

Ralf

Upcoming Webinar by LiveRez

Tuesday, March 25th, 2008

Here is an upcoming webinar I will be hosting, and for obvious reasons, recommend.

  Join us for a Webinar on April 16

 

   
A discussion on how to design your vacation rental website for increased conversion of visitors into booked guests.  See examples of some of the industries best.  Learn how usability, affinity, trust, and analytics play a critical role in driving bookings from your website.
Title:   Vacation Rental Website Basics – Turning Lookers into Bookers
Date: Wednesday, April 16, 2008
Time: 11:00 PM – 12:00 AM MDT

 

System Requirements
PC-based attendees
Required: Windows® 2000, XP Home, XP Pro, 2003 Server, Vista
Macintosh®-based attendees
Required: Mac OS® X 10.3.9 (Panther®) or newer

 

Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/756835694

Trends – PhoCusWright’s U.S. Online Travel Overview Seventh Edition

Tuesday, March 25th, 2008

Here is a summary of what these rather educated and well-researched folks had to say about what is going on in the travel industry:

The U.S. travel market entered a new era of channel balance in 2007. This was the first year that more travel was purchased online than offline in the U.S. While online travel continues to grow faster than the market as a whole, the maturity of the channel has led to a significant slowdown in growth compared to the torrid pace of the past.

However, the gap between online and offline will continue to widen as more and more travelers shift behavior to online shopping and buying. But the future is less about share shift and more about the realization that consumers will continue to use multiple channels as long as they are available to them and the price differential is acceptable. This price differential, if there is one, will be measured against the convenience of using one channel versus another, various perks, relationships with brand, and the type and complexities of the trip.

While online sales continue to grow, the pace is not the same for certain segments of the market. Depending on the channel (online travel agency or supplier-direct Web site) or the product (point-to-point air, chain hotel, cruise, complex itineraries), online is still in various stages of development.

Consumer marketing is more complex due to search, social media and other Internet outlets that need to be more closely aligned with a holistic marketing program.

Key Findings Include:

  • While suppliers are gaining share in most segments (air, car, hotel), online travel agencies are competing via packaging and add-ons, corporate tools, distressed inventory, international expansion in Europe and Asia, independent hotel properties, U.S. chains, and cross-product and provider customer service initiatives.
  • Online travel agencies are lagging in integration of Travel 2.0 tools and will need acquisitions or partnerships to catch up even as they labor to develop targeted marketing based on their massive stores of consumer behavior data.
  • Alternative monetization of traffic will in the medium term reduce the overall significance of gross bookings to the bottom line for online agencies.
  • Search and metasearch continue to work in favor of suppliers as they drive traffic to their Web sites to book after their comparative shopping experience.
  • All travel companies must embrace the consumer desire to shift among online and offline channels.
  • Packaging components such as air, car, hotel plus local tours, spa treatments, golf, events and other destination services allows hotels and online travel agencies to upsell the customer and combat commoditization. To date, this is best done by online travel agencies, although hotels are increasing their efforts.

Now we are talking cash, mula, coin, …….Ritz-Carlton in Maui

Thursday, March 20th, 2008

This is why our guest are getting such an awesome deal!!  They get the full house and amenities, but at a small fraction of what people are spending on buying a place.  Lets look at the stats for this latest transaction:
   – The average price was $1.9 million for 93 suites. The lowest price was $895,000.   
   -That included a Presidential Suite penthouse for $6.4 million.
   -40% of the buyers were international

People will always invest in a great location and an awesome vacation experience.  Even in a down economy.  Look at the amount of foreign investment – think about focusing on attracting international guest who are happy about the cheap dollar.

And what do they get?  Ok – they get the fantastic Maui experience.  But in terms of accommodations, they get a one or two bedroom suite.  Ahhhh, what a rip-off.   At least that is what I am going to keep telling myself.

Read the full article

Online Hotel Bookings Increasing in UK

Thursday, March 20th, 2008

Quick Stat: 
According to the results of the BDRC British Hotel Guest Survey, 64% of holidaymakers (that would be British for vacationers) now make hotel bookings on the Internet.  Another trend identified in the survey is that the number of travellers booking through individual hotel website will continue to increase.

Read the full article

Why many travelers avoid Vacation Rentals

Thursday, March 13th, 2008

Christine Karpinski writes a blog for HomeAway and has related, very eloquently, why every property manager needs a centralized calendar, reservation system, and a website that can take a booking.  A booking!!!  Not an inquiry. 

The most interesting part to me is that Christine seems to be blaming the customer for the poor communication and lack of information.  (I am not saying anyone is at fault, except for the system in place)  As an industry, we cannot think or operate this way.  The customer rules!!!  And we have to create an experience that meets their expectations.

Here is the post by Christine:

Christine’s Blog: Juggling Inquiries from the Road (10/10/07)


Christine deals with a situation where a renter sent an inquiry about a certain weekend and expected her to hold it for her without sending payment.

Hi everyone! It was great meeting hundreds of owners at all of the seminars last week. I hope you all learned a lot –I certainly learned some new things.

Thankfully, there are always new issues that arise in my rental life which gives me plenty to write about. Though I would love to have just one week without some sort of drama!

What happened was that while I was on the road I got an email inquiry from a renter asking me if my cabin was open (it was.) So most often if I have dates open, I call the renter, because I know that’s my best chance to rent the property. I called her (on both her numbers—home and cell) and left a message telling her my cabin was indeed open, and I also followed up with an email confirming my availability and rates.

Then she emailed back w/more questions, asking me if I knew of tennis courts nearby. I responded to her that I didn’t know of any tennis courts (so my assumption: this could be a deal breaker for her.)

The next day she emailed me back to say she wanted to book it.  I called her and left a message and emailed her back asking her to call to solidify the reservations.

As soon as I responded to the lady’s email, I called my husband telling him that I have someone who would like to book it.

Remember, I’m responding to the inquiries from the road and my husband is at home.

Now this is where it gets a bit sticky. My husband informed me that he had just gotten off the phone with a different renter. Apparently, in the meantime, another renter (who had emailed us back a few weeks prior) called my husband and booked (paid in full via credit card) for those same exact dates.

Anyhow, I immediately called this lady who I had had the email exchange with to let her know that my husband had booked it just minutes prior.

This lady was mad as all get-up! She expected that from the moment she sent the first inquiry that we should have held that time until she contacted me to tell me that either she did or did not want to book it. While in a perfect world this would be awesome—I would love to hear back from every renter who I respond to, but the reality is I just don’t. I only end up booking one out of every 7-9 inquires I get.

Renters are sending multiple inquiries to multiple owners.

Anyhow, I explained to her that until she actually confirms I have no idea whether or not she’s interested in booking so I never hold anything until I get a credit card. In her mind when on her original inquiry she said, “I am interested in renting this cabin,” I was supposed to interpret it as “I want to book it!” She was so upset and I can’t say that I can blame her. But what was I to do?

I offered to email a bunch of other owners on her behalf to see if anyone else had it open (which I did). But in the end she was still steaming mad at me. I really hate it when I cannot appease people.

Right before she hung up the phone, she told me that she was going to report me to the website that she found my home on. I told her she has that right (but I didn’t have the heart to tell her I work for the website.)Happy Renting by Owner!

Christine Karpinski

Spread the word….evangalize the vacation rental experience

Wednesday, March 12th, 2008

Ran into this great article by PJ Thomas today about promoting the idea and educating individuals about the great vacations to be had from vacation rentals.  This brings to the forefront again the importance of us promoting our industry and educating the vast number of vacationers that do not take advantage of our industry.

P.J. Thomas is editor and co-publisher of Pathfinders Travel Magazine for People of Color, a nationally distributed publication founded in 1997, and co-host of “Travel with Pathfinders” on WPGC-AM in Washington, D.C. Contact her at pjthomas@pathfinderstravel.com.

Click to read the full article – P.J. Thomas: Looking for a luxury vacation? Try renting a homewith family and friends

When going green, start from within…..an example from Marriott

Tuesday, March 11th, 2008

We have all heard much about the ‘green vacation’ and offering new options to appeal to special interest travelers.  Today I saw an interesting validation of the green theme from Marriott.  Yep, the big boys are getting into the green travel.

The part I found interesting here is that Marriott is starting by cleaning up its vacation club corporate headquarters.  There is something to be learned for your vacation rental business – when starting a green strategy, make sure you start from within.  That will show your commitment to the cause, as well as get your team excited about the direction.

Interesting Statistic – Estimated Styrofoam and Plastic Waste Sent to Landfill Each Year from Marriott Vacation Club Corporate Headquarters:
Styrofoam Plates – 47,000
Plastic Forks – 28,000
Plastic Knives – 16,000
Plastic Spoons – 36,000
Styrofoam Cups – 127,000
Total Sent to Landfill – 254,000  

Read about it.