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In this episode of Alex & Annie: The Real Women of Vacation Rentals, we're joined by Rebecca Ballart, COO of Rev & Research, a leading revenue management consulting firm for vacation rentals. Rebecca shares her deep insights into the current state of the vacation rental market, discussing the challenges and opportunities that property managers are facing as we head into 2024.
We dive into the key trends, including increased supply, softening demand, and how international travel options are affecting domestic bookings. Rebecca provides actionable advice on navigating tough homeowner conversations, adjusting pricing strategies, and enhancing guest experiences to drive long-term success.
Key Topics Covered:
⭐ The current challenges in vacation rental markets and strategies to stay ahead in 2024.
💬 How property managers can better communicate with homeowners, especially during tough conversations about revenue performance.
💫 The importance of having a well-rounded revenue management strategy, beyond relying solely on pricing tools.
💡 Practical tips for using guest communication to increase direct bookings and improve guest retention.
🔨 Strategies for tackling oversupply in saturated markets and optimizing inventory performance.
Connect with Rebecca:
LinkedIn: https://www.linkedin.com/in/rebecca-ballart-81a993163/
Connect with Rev & Research:
LinkedIn: https://www.linkedin.com/company/rev-and-research/
Website: https://www.revandresearch.com/home
#vacationrentals #revenuemanagement #propertymanagement
