Streamlining Vacation Rental Furnishing
In this VRMA Arrival podcast episode, Sage Nathan of Minoan discusses the concept of systematizing furnishing in the context of short-term vacation rental businesses. Minoan is a tech platform that aims to streamline the furnishing process for vacation rental owners and operators. Sage emphasizes the challenges in the industry, such as using outdated systems like spreadsheets, and highlights the need for a more efficient approach.
Revenue Breakpoints: Troubleshooting Issues in Revenue, Pricing, and Distribution
By John deRoulet | 2/20/2024
“Revenue management is complicated.” If you could hear me speaking this statement, you’d know it was delivered wryly and dryly. We all know revenue management is complicated. There are near-infinite factors that go into deciding how to price your rentals and maximize your revenue. What do you do when even after doing all this work to ensure your rental is at the right price at the right time, the reservation comes back and the rate is wrong? Who do you talk to when vendors are pointing their fingers at each other and you aren’t sure where the breakpoint is?
Supplier Company of the Year: Key Data
Key Data’s platform is a game-changer for the short-term rental industry. It sources and analyzes the most accurate, real-time vacation rental data available, empowering property owners, professional managers, investors, and destination marketing organizations (DMOs) worldwide. But what sets Key Data apart is its unique approach. The company collaborates with property managers in over 500 international markets, directly extracting daily data from their reservations platforms. This data is then combined with information scraped from popular online travel agencies (OTAs) such as Airbnb, Vrbo, and Booking.com.
The Challenge of Managing Vacation Rentals Across Multiple Markets
By William Parry | 2/13/2024
Ambitious property managers who want to diversify and grow their inventory, scale their business and further establish their brand often look to international markets. Working across multiple countries can bring significant advantages and profit but can also present a variety of challenges.
4 Truths of Furnishing: Furnishing Your Rental Like a Pro
By Taylor Summer | 2/6/2024
The short-term vacation rental industry can be both exciting and daunting. Whether you’re a seasoned property manager, just starting out in the industry, or looking to expand your portfolio and acquire additional properties, it’s important to think seriously about furnishing and decor.