What You Need To Know In The Vacation Rental Industry 07-23-2017

Hey there everyone, welcome to the BookingTeam "What you need to know in the vacation rental industry" blog post! See below for everything to keep you up to date with the vacation rental industry. Enjoy!

Debunking the Myth: Airbnb is for Backpackers and Partiers

Airbnb is often believed to serve only partiers, backpackers, and budget-conscious couch surfers, but the truth is, they have captured the interest and loyalty of tech-savvy travelers through an easy interface, authentic experiences, and affordable lodging. With more than 60% of their users of the millennial generation, it’s important to understand these users and how they continue to evolve in regards to their income levels, familial statuses, and travel preferences.

Read on: http://www.vrmintel.com/infographic-debunking-myth-airbnb-backpackers-partiers/

Give AirBnb Users a Break

Summer's in full-swing, but travelers may soon be thinking twice about a trip to New York. State lawmakers recently decided to crack down on online advertising for home-sharing, punishing people who allow guests to spend the night in their apartments with $1,000 fines. That's lenient by comparison to some places. Homeowners in Kauai County, Hawaii, face fines of $10,000 per night if they allow people to stay in their homes, and officials have even dispatched investigators to local beaches to interrogate tourists about where they're staying.

The target of these crackdowns is the so-called "sharing economy," which has opened new opportunities for homeowners nationwide to make money, keep up with their mortgages and improve their local economies by renting out their homes. Today, just one home-sharing company, Airbnb, offers more rooms than major international hotel chains such as Hilton and Marriott. Consumers benefit from more choice and lower prices, and communities benefit from visitors who support local businesses and greater incentives for homeowners to maintain their houses.

Read on: https://www.usnews.com/opinion/articles/2016-07-21/using-airbnb-shouldnt-make-homeowners-outlaws

How to Increase Revenue From Your Vacation Rental

For vacation property owners and managers, finding ways to increase revenue from rentals is critical to your bottom line. With online listing sites, it is easier than ever for anyone to list their property. In other words, there is also more competition than ever.

Read on: https://bookingteam.com/2017/07/20/increase-revenue-vacation-rental-2/

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