Insight
Relying on a single, static cancellation policy for the entire year rarely makes sense.
VRBO & Booking.com: The Best Cancellation Policy Strategy
Summary
This article discusses cancellation policy strategies for VRBO and Booking.com, emphasizing how the 'one size fits all' approach can hurt revenue. Hosts should analyze their booking windows and market to create flexible and non-refundable rate strategies to improve Average Daily Rate (ADR) and occupancy.
Key takeaway