Do you want to know how much it is valued your vacation rental? We tell you here
Nowadays, after the covid-19 hurricane, which has wreaked havoc in many sectors of the economy, but undoubtedly swept the tourism industry, there are many doubts that holiday accommodation hosts present when they return and start their accommodation. One of them is the market cost of a short-term lease.
Yes, we know that we have already passed the summer and that many should already be clear about the real value of their accommodations, but certainly in this summer there have been many losses of several vacation rentals due to the fact of indicating a higher value than the real market. Remember, the more guests we have who feel happy with our services and our costs, the better comments we will have, the better results we can see.
Tips to determine the real value, based on which you should rent your home:
1.- First, if you are a direct administrator of your accommodation, do not be guided solely by the standard prices managed by large OTAS, these prices are often higher because it is the business of these companies, over the amount set by the owner of the housing, the commission that the company will receive either for advertising or for management should be indicated. So many times when you are guided by these prices, you are entering within the range of these OTAS and you can become less interesting for the guest. Now, if you want to achieve direct reservations, your prices must be lower than those expressed in these portals.
2. Take into account the location of your property and its accessibility, the type of home, whether it is a Chalet, villa, room or apartment, and its footage.
3.- Take into consideration the distribution of your home, how many people could inhabit it, the fewer guests the lower the cost.
4.Inquire in a range close to your home, the average price and the amenities they have, consulting two or three companies is not enough to generate an average. You have to evaluate a considerable number.
5. Consultation parallel to the previous points, web portals dedicated to calculating the cost of the footage for the rental of a vacation home, such as, Rental Calculator.
6.- Consult with your guests, through stay forms, that such they see the service-cost relationship, it will seem incredible, but this will give you many lights when determining if you are doing it well.
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