Travellers today want more guarantees and flexibility around travel than ever before. But as a property manager, you can’t afford that kind of fluidity without putting your occupancy rates, reservations, and revenue at risk.

But what if you could offer customers more flexibility while preserving your financial security? 

Rentals United’s new channel partner, Hopper Homes plans to provide  innovative travel fintech add-ons, which will satisfy customers’ desire for protection and flexibility while keeping your conversions intact.

Read on to discover how fintech is changing travel and vacation rentals and how you can take advantage of this innovation.

Hopper is pioneering the development of travel fintech products. By getting listed on Hopper Homes with Rentals United, you can start attracting new pools of travellers to your vacation rentals. Get listed on Hopper Homes now.

What is travel fintech?

Financial technology (fintech) is digital technology that provides online financial products and services. Fintech examples include online banking, blockchain, cryptocurrency, and digital payments.

In the travel industry, fintech is improving the entire customer experience across the different phases of the booking process. Travel fintech includes payment facilitation and products and services designed to protect travellers’ financial investments.

Since the onset of Covid-19,

The previous few months have been an thrilling time of travelling and networking for the Leases United staff. After two years of uncertainty within the occasions world, we’re so completely satisfied to have been in a position to return to our favorite trip rental occasions.

From the Brief Keep Summit to Scale Leases, DARM, Streamline Summit, Guesty Val and extra, we hopped world wide to satisfy our companions, clients and different {industry} leaders in particular person. As all the time, we realized lots from the discussions we had and the talks we attended.

Needed to skip a few of the occasions this 12 months? Don’t fear. Right here’s our abstract of the most typical themes talked about at this 12 months’s trip rental conferences.

Consolidation continues to reshape the {industry}

For a number of years now, consolidation within the trip rental {industry} has been underway – and it has solely accelerated because the pandemic.

Property administration corporations

Properly-funded property administration corporations backed by enterprise capital or non-public fairness are gobbling up smaller gamers and inching nearer to creating monopoly markets daily. For instance, the UK vacation rental market is sort of utterly dominated by “The Huge Three”: Journey Chapter,

Realizing how properties carry out in your native market is a vital pillar of trip rental income administration.

Analysing market knowledge and mixing it with your personal reserving efficiency metrics is one of the simplest ways to enhance your income administration and distribution methods.

That’s why we’ve created a collection of reality sheets that include all of the insights you want, primarily based on unique knowledge from Leases United Knowledge Studio, our proprietary income success software program.

By downloading our nation reality sheets, you’ll get entry to the next knowledge damaged down by vacation spot and property kind:

• ADR (Common Every day Charge)
• LOS (Size of Keep)
• Reserving window
• Cancellation charge
• Cancellation window
• Prime-performing channels

To present you a style, listed below are some highlights from our nation experiences:

Trip rental efficiency in Mexico

Our evaluation coated three main locations in Mexico: Mexico Metropolis, Riviera Maya ((Playa del Carmen, Tulum, Puerto Morelos, Cancún, Akumal) and Los Cabos. The reservations we analysed had been made between April 1st and June thirtieth, 2022.

Key insights:

Mexico Metropolis

• Mexico Metropolis had a big share of last-minute reservations: 41% of bookings had been made 0-2 days earlier than arrival.
• The ADR of those last-minute

The extra 5-star evaluations you’ve gotten, the extra bookings you’re more likely to get on Airbnb. Not solely that – excessive evaluate scores imply you’ll be able to enhance your ADR and earn extra from each keep.

One approach to get extra glorious evaluations is to enhance your itemizing accuracy. An correct itemizing means friends know precisely what to anticipate once they arrive, they usually gained’t be disenchanted.

Right here, you’ll discover some tips about why and enhance your itemizing accuracy.

For the whole information to creating correct Airbnb listings that earn you extra bookings and 5-star evaluations, obtain our PDF.

Why 5-star trip rental evaluations matter

Nice evaluations make a large distinction to your occupancy and earnings.

Taking a look at statistics from our Leases United Information Studio, we discovered that listings with larger Common Overview Scores on Airbnb bought at a better ADR, no matter what number of evaluations the listings had.

We additionally realized that listings with larger Common Overview Scores bought at a better ADR, whatever the variety of bedrooms. So, with sufficient 5-star evaluations, a 2-bedroom property might probably cost greater than a 3 or 4-bedroom property.

For bigger properties, evaluations had a fair