Vrbo exits Toronto market over city’s new short-term-rental rules - The Logic
VRBO's exit from Toronto signifies the impact of new short-term rental regulations. This departure highlights the growing trend of stricter local laws affecting STR platforms and hosts. Hosts should stay informed on evolving regulations to ensure compliance, or risk being forced from the market.
Minneapolis cap on short-term rentals upsets operators, developers - Star Tribune
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Vrbo Is Performing Better Than Airbnb for Vacation Rental Managers, But Direct Booking Still Number One Revenue Source . . . By A Lot - VRM Intel
This VRM Intel article from January 2021 highlights that while Vrbo is outperforming Airbnb for vacation rental managers, direct booking remains the dominant revenue source. This underscores the importance of a multi-channel distribution strategy for hosts to maximize earnings. The article doesn't give specific figures but implies a large difference in revenue from direct bookings.
Hosting Remote Workers in Paradise
This article, drawn from a podcast episode, shares insights on catering to remote workers in short-term rentals, specifically focusing on a property in Aruba. It highlights the opportunity to attract remote workers by providing suitable workspaces, reliable Wi-Fi, and fostering a sense of community. Hosts should consider adapting their listings to cater to this growing market by offering amenities that appeal to remote workers.
Airbnb occupancy rates not expected to recover until September 2021 - PhocusWire
This article from PhocusWire states that Airbnb occupancy rates are not expected to recover until September 2021. Hosts should be prepared for continued lower occupancy rates in the first half of the year and adjust pricing and marketing strategies accordingly.
Guest Communication Tips in a COVID World
This article from Get Paid For Your Pad discusses adapting guest communication in the COVID-19 era, focusing on building personal connections and addressing traveler anxieties. Hosts should use digital guidebooks, incorporate video content, and automate welcome emails while still personalizing communications for a better guest experience.
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