Stop Losing Money: How to Cut Commissions, and Extra Costs in Your Vacation Rental Business

The vacation rental business is a dynamic and rapidly expanding market, with forecasts predicting it will reach USD 147.12 billion by 2030. While this growth presents significant opportunities for property managers, it also brings mounting challenges, particularly concerning expenses and evolving regulations.

One of the most significant challenges is the over-reliance on Online Travel Agencies (OTAs). With OTA commission fees reaching as high as 20% of each booking, your revenue is directly impacted. For many, it’s a “gut-punch feeling” at year-end to see how much has gone to commissions, especially when OTAs can account for over 40% of all independent property reservations.

However, there is a clear path to greater efficiency and profitability. In fact, 82% of property managers report that investing in smart technology has made them more efficient. By proactively addressing challenges with the right tools, you can take back control of your financial success and operational efficiency.

This is where technology becomes your greatest ally. For instance, property operations software like Doinn can elevate your property’s operations, simplifying your short-term rental business with automations that save you up to 40 hours per month. These platforms help streamline daily staff routines by managing accurate employee timesheets, tracking individual worker tasks, and identifying absences or lateness. This focus on efficiency and data-driven decision-making leads to significant operational cost savings.

In this webinar, we’ll demonstrate precisely how to make this pivot. We will guide you away from costly third-party platforms towards more profitable direct booking strategies and efficient property management, empowering you to make data-driven decisions for sustained growth.

Key Takeaways for Any Vacation Rental Business

By attending this webinar, you will learn how to:

• Bypass Intermediary Fees: Learn how to create your own direct booking website to avoid paying commissions to OTAs.
• Boost Direct Bookings: Implement effective marketing channels such as SEO, Google Ads, social media, and email marketing to drive high-quality traffic to your own direct booking website, with proven strategies achieving up to 65% direct bookings.
• Optimize Property Operations: Understand how to use technology to streamline your turnover and maintenance tasks, preventing costly errors and ensuring your properties are always guest-ready.

• Implement Cost-Effective Property Management: Discover how auto-created cleaning tasks can prevent negative reviews, the importance of data for major operational improvements, and the advantages of a maintenande software for operations.

• Ensure Legal & Regulatory Compliance: Utilize tools like the Check-in Scan app for efficient online and in-person check-ins, digital signatures for required forms, and automatic, legally compliant submission of traveler data to authorities, reducing paperwork and enhancing guest experience.

We’ll show you how to build your own booking powerhouse. You will discover how Lodgify, a leading vacation rental website builder, empowers property owners to generate direct bookings. Through its SEO-friendly templates and integrated booking engines.

Next, we’ll tackle the complexities of guest management and legal compliance. We’ll explore the indispensable role of the Check-in Scan app, an expert in guest registration. This tool streamlines your entire check-in process, and enables digital signatures for traveler forms.

Watch the recording and learn how to stop losing money and boost your profits in your Vacation Rental Business!