FAQs related to online booking system for vacation rentals
Technology
has evolved immensely. Now, you don’t have to worry about walking for miles or
researching for hours before booking something. From booking tickets to
shopping for groceries, or even renting a vacation home online, everything is
just so convenient. In fact, more and more number of property owners are
enjoying the perks of online booking.
Overall,
online booking is quite beneficial for vacation rental owners and property
managers. Firstly, it provides an accurate calendar and rates table, which allows
the potential guests to plan their stay. Secondly, it allows the property
managers to respond to the reservation request as soon as possible. Lastly,
both parties are saved from paying too much commission to vacation rental
booking agents or middleman.
Below
are mentioned a few FAQs, which make help you understand the importance of the
online booking system and why has it become an absolute necessity in the
current times.
With online booking systems being into play, how will
the managers interact with guests?
An
online booking system works like a reservation request, where the traveller
makes the commitment to pay. In turn, the property managers or owners can
confirm their booking with just a single click. This saves time and provides
the convenience of a streamlined reservation process to both the parties. It
expedites the entire process. Usually, the vacation rental listing will charge
property owners for creating an account, but wouldn’t charge them for the
reservation, which is a win-win situation for all!
Are credit cards required for online booking? What are
the other accepted modes of payment available?
Online
booking doesn’t necessarily require credit cards. This option is solely based
on the preference of the management handling the property. While some only
accept payments through credit cards, rest may allow other secure modes of
payments as well (such as cheque, demand draft, bank transfer, PayPal etc.)
Are online booking systems free?
Usually
online booking system is a commission-free subscription model that doesn’t
require an owner, property manager or traveller to pay any incremental
commission on top of a subscription. However, for non-subscription listings,
which use pay-per-booking option, one has to pay extra 10% commission. Some listings
may simply charge members once instead of charging commission for every single
booking.
How will the owners or property managers communicate
with their guests?
Once
an online booking request is made, the property manager is required to accept
or decline the request with the 24 hour window. The property listing website,
which is providing the online booking feature to the advertisers, will
continuously monitor their percentage of accepted and rejected requests. Based
on that, the website may choose to cancel their subscription if the requests
are too often being declined.
Why should property-listing websites adopt online
booking?
The
biggest advantage of adopting online booking is to gain more bookings, even
during off seasons. Studies suggest that online booking serves as a significant
component of a website’s listing quality score, which helps in generating 100%
more bookings as compared to those that do not have this feature.
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