A small 5% commission was the cost to pay Online Travel Agents back when they first started. Today, however, they are taking as much as 30% from reservation fees. Accommodation owners are in pain for the price they have to pay for engaging in business with OTAs who have captured 39% of US online digital bookings. Travel providers are not raising the white flag to OTAs. Today, we’ll show you how we avoid those dreaded monthly commission bills and increase direct bookers.
All of us property owners, whether a hotel or short-term vacation rental, want to know how to become a Superhost and all for a good reason. If you’re a Superhost, the top OTAs like Airbnb put your rental on top of their list when guests are looking for accommodations. This is based on your prestige and reputation.
For this reason, a lot of hotels and vacation rental owners want to become a Superhost to boost their vacation rental bookings.
The short-term rental industry is a competitive one, and the competition being the big players as well as the small, independent owners. Despite this, you can still shine and boost your short-term rental revenue with a well-thought-out strategy and some customer service love.