Managing a vacation rental property comes with a number of unique challenges, but the right tools, including a vacation rental booking software, can help improve your daily operations.
With so many options available, how do you know which platform is the right one for your business? Below, we’ll discuss five must-have modern features when choosing a vacation rental management software:
Allowing your guests to make reservations online is one of the most effective ways to increase your vacation rental revenue. Most adults — 83%, according to Stratos Jet Charters — want to book their trips online.
Furthermore, many guests book their trips entirely online; Stratos Jet Charters also reported that “Of the 148 million online travel bookings in 2018, 82% occurred without any human interaction, via a mobile app or website.”
The popularity of online booking is primarily due to:
With the option to allow your guests to book directly with your vacation rental, you can simplify the process for everyone while enjoying increased revenue.
The top cloud-based vacation rental booking software platforms feature a guest portal that allows your visitors to manage their reservations and access their bookings any time, from anywhere.
These portals may also improve proactive guest communication, empower visitors to modify their reservations as needed, and make payments. Your staff can also prepare for your guests’ arrival by asking about any necessary accommodations or preferences before they arrive.
With a channel manager, you can expand your vacation rental listings across the internet to expand your digital presence, increase your revenue, and synchronize bookings from external channels into your vacation rental software. You can:
With an effective channel manager within your vacation rental management software, you no longer have to worry about overbookings, delayed updates, or similar concerns. Your team can spend less time managing your reservations and more time focused on creating a remarkable experience for your guests.
Though the vacation rental software you choose for your business will have several essential, modern features built-in, you’ll still want to ensure that you can integrate other tools as well.
This allows you to continue using your team’s favorite tools, extend the functionality of the software, and more.
You can use these integrations to:
With the ability to integrate your vacation rental software with other tools, you can make sure your business is accomplishing everything from one modern, centralized platform.
In order to understand and grow your business, you’ll need insights into your data. Top online vacation rental software platforms should include a powerful reporting module that allows you simplified access to your data through a cloud-based platform.
This data can help you understand:
With these robust analytics and reporting capabilities, your team can make data-driven decisions about your business to elevate your vacation rental property.
These tools are just some of the examples of how you can benefit from the right platform. A vacation rental booking software with updated functionality can truly set your business up for success in several ways, including by:
Learn how the ideal booking software can play a key role in the success of your business operations. Download the Ultimate Guide to All In One Hotel Management Software today!