By: Matt Landau
Vacation rentals are taking the travel industry by storm of late with a new PhoCusWright study proclaiming that they will account for up to 30% of the entire US travel market before the end of 2014.
But with so much growth and success, and many new owners rushing to cash in on this booming trend, experienced veterans of the industry are taking advantage of their time-tested efforts to capitalize on monthly bookings.
Here are 10 signs that you’re operating your vacation rental business like a savvy pro:
1. You operate your calendar like Tetris
If you shuffle around bookings, offer special discounts/upgrades, or are successful in convincing guests to reserve specific nights – all in search of the almighty flush booked calendar – you’re probably a savvy vacation rental pro.
2. You are suspicious of any renter under the age of 25
If you raise an eyebrow when a potential guest asks about the minimum age requirement or inquires about staying with “their colleagues” during Spring Break-like vacation weeks, you’re probably a savvy vacation rental pro.