There has been a 124% increase in occupancy and higher nightly prices for vacation homes despite the pandemic’s negative impact on the hotel business. Buy-to-let houses (between 40% and 60%) outperform those that are rented out, according to a new study
In this article, you’ll learn how to get the most money out of your vacation rental property, regardless of whether you are a landlord or a potential buyer. If you want to get Holiday homes dubai, we can help you out.
Table of Contents
Location, location, location!
A guest’s choice of a hotel is heavily influenced by its location. Additionally, it has the largest influence on the amount of money you make.
Guests prefer a more central location with easy access to public transit, regardless of whether your vacation rental targets short-term stays or daily reservations. Make sure your vacation property has easy access to public transportation in order to boost its value and attractiveness.
Nearly 80% of customers want to know whether they can walk to the nearest metro station.
The presence of major tourist sites, such as beaches and beaches, as well as enough parking, would certainly encourage more tourists to remain and spend more money. If you are looking to get service for Property management dubai , please visit our website.
Aesthetics and Convenience
Your property’s amenities and decor might influence whether or not visitors choose to book. It’s a smart idea to raise your prices and get more reservations by including amenities like a coffee maker, blender, food processor, and hot tub. Your visitors won’t have a problem paying more if your home includes a private pool, is pet-friendly, or has other unique amenities.
A further strategy to enhance the value of your home is to purchase high-quality and long-lasting furnishings. Most people believe that good-looking furniture must be expensive, although this isn’t always the case. Dubai is home to a diverse selection of furniture stores, many of which provide stylish pieces at reasonable prices. If you are looking for apartment for rent in dubai marina, please visit our website.
Marketing That Gets It Right
The most popular vacation rentals are those that have a high level of aesthetic appeal. Good photos are essential if you want to appear high in search results.
Your images should tell a narrative to make a fantastic first impression on people who see them online. Ensure that the beauty of your holiday home is captured in your images by taking them in well-lit rooms, using a high-quality camera, or hiring a professional photographer.
Increasing the number of reservations is only possible if your property is listed on as many travel booking sites as possible. However, managing postings on several sites is not a simple task. Depending on the platform, owners may not have the time or resources to handle and fulfil all of the numerous onboarding categories and standards.
Prices That Change Based on Market Conditions
Bookings may be sluggish and clients may feel overcharged if you set your pricing too high. If you set it too low, you run the risk of losing money or alienating clients who may be interested in your product.
Low prices are also likely to attract bargain hunters who may not be interested in your vacation property.
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