What are the key performance indicators for vacation rentals?
Short-term vacation rentals have become increasingly popular in recent years, with platforms such as Airbnb, Booking.com, and VRBO leading the way. To determine the success and profitability of these properties, owners and managers must track key performance metrics.
How to price in a competitive market
Hygge Hospitality Partners uses our years of pricing experience to implement and build Dynamic Pricing to deliver higher returns to their homeowners. After selecting the correct pricing system for your business (i.e. PriceLabs, Wheelhouse, Beyond Pricing, etc.) the real opportunity is in adjusting your pricing and managing it in real-time. By determining to overprice the market on holidays, underprice on shelf seasons, and much more returns can be increased many fold.
What is a Virtual Assistant (VA)?
Hygge Hospitality Partners have successfully leveraged VAs in our own vacation rental businesses in the past. We found that the key to a successful VA is centered on stability, training, and implementation. Our team of VAs have all been trained and have prior experience in vacation rental management. We have found success with clients by overseeing the implementation process to fit our team into the variety of operation models used by managers.