7 Tips for Selecting a Vacation Rental Site
There are lots of factors to consider before paying over your
hard earned cash to advertise your vacation home on a vacation
rentals website. Seven of the most important factors are listed
below.
1.Target vacation rentals sites that attract a lot of visitors :
The larger sites invest more in advertising and hence are likely
to attract more visitors. Generally, the more traffic a site
gets, the more enquiries you will get, so it is worth
considering the larger sites e.g. vrbo.com .You can use Google
or one of the other search engines to get an indication of the
most "searched" vacation rentals sites, but it's worth also
cross checking this with other indicators. For example, you can
get an indication of the level of traffic that a particular site
attracts at alexa.com . However, keep in mind that a site with
10,000 listings need to attract 10 times as much traffic as one
with 1,000 listings in order to have the same number of visitors
per listing.
2.Ensure that the vacation rentals site addresses your target
customers / geography :
Some sites specifically target travellers to a specific region /
country e.g. www.relaxinfranceonline.com. If your property is in
an unusual location, you may want to consider a site that
specializes in properties from that location. Also, some sites
target potential renters in specific geographies, either through
their advertising ( e.g. owners direct advertises to the UK
market ) or by offering specific language support ( e.g.
homelidays offers support in 7 different languages)
3.Consider vacation rentals sites that are user-friendly for
renters.
Some sites offer neat features, such as the ability to save
"favorite" properties or search for properties that are
available for specific dates. Some also allow renters to post
and read testimonials e.g. homelidays . Some allow users to
search by keyword ( e.g. vrbo.com ).
4.Ensure that the vacation rentals site is easy for you to use
and update as an owner / advertiser.
Most sites offer the ability for you to modify your listing and
photos and allow you to update your availability calendar. Most
also offer tracking of statistics, including the number of times
your site was searched or viewed, as well as the email that you
have received. This can be really valuable in assessing how
effective the site is at attracting potential renters. (Of
course, you still need to be able to convert those viewings into
paying renters !)
5. Ensure that the vacation rentals site is cost effective:
In general, you will pay more for the well established / larger
sites, with annual advertisements typically around $125-$150 per
year. This will easily pay for itself with even one successful
rental, but you may want to shop around to determine the best
value option. Some sites offer free trial periods and it it
certainly worth trying those to determine if they result in
enquiries. Rentalsfrance.com has an unusual pricing model that
allows you to pay per enquiry or per week rather than the normal
annual subscription.
6.List your vacation rental home on several vacation rentals
site:
Our research indicates that most vacation home owners list on at
least 3 paid vacation rentals sites, as well as several free
vacation rentals sites. Consider listing on one or two of the
larger sites, plus perhaps a couple of specialist regional
vacation rentals sites. An annual budget of $300 / year is still
very cheap compared with other advertising options. Don't forget
to take advantage of sites offering trial offers, although
usually these are "once in a lifetime" offers, so you won't be
able to this more than once.
7. Before renewing your vacation rental subscriptions, compare
your cost per enquiry / cost per booking :
This is the most effective overall measure of how effective an
owner holiday / vacation property rental site is for your
particular property. As a benchmark, Rentalsfrance.com allows
you to pay on a price / enquiry and offers pricing as low as GBP
1.33 per enquiry. (Note: you can choose not to respond to
specific queries and these are free.)
There are lots of sites out there and it may take you some time
and effort to find the ones that will work for your particular
vacation rental home. If you would like to see reviews and
comments on many of the leading Vacation Rentals sites, visit
Compare Owner Holiday Rentals at
http://www.compareownerholidayrentals.com