vacation rental overlooking pool

Dragonfly Insights: Short-term rentals vs. traditional hotels

Short-term rentals have surged in popularity over recent years. Now, we’re seeing traditional hotel companies venture into this market to diversify their portfolios and meet the evolving needs of consumers. However, managing a short-term rental is no easy feat.

Watch this four-part series where Dragonfly Strategist’s CEO & Founder, Caryl Helsel, sits down with top experts in the short-term rental market and discusses how advancements in this evolving space have revolutionized the industry, specifically with technology.


Session Speakers

Moderator

James Harris

A short-term rental is commonly known as a vacation rental and considered an alternative to a hotel. Most times, they include unique features that allow for longer-term stays. Discover what a short-term rental is and hear from industry experts as they share their insights into the future of short-term rentals and varying business models.

Revenue managing a hotel with countless room types from a category level is complex enough, now imagine managing every room at an individual level and controlling variable inventory. With short-term rentals each unit is its own room type with unique features that require different considerations when it comes to its revenue and distribution strategy such as traditional OTAs like Expedia and Booking.com versus other third-parties such as VRBO. Learn how others are defining their strategy and using modern technology to automate the process.

Advancements in hospitality technology have revolutionized the way travelers search for and book accommodations. Yet, when it comes to short-term rentals, the technology to list and book the individual inventory types is quite different. There are a myriad of nuances one must consider when it comes to their tech stack to ensure it’s modern, scalable and translates correctly.

Short-term rentals take on an entirely different servicing model than traditional hotels. The structure, including revenue management, distribution, imagery and content management, operations, and overall guest experience, are not alike. Discover the unique challenges and how others in the industry are overcoming these to ensure total profitability for the management group and the individual unit owners.


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About REVENUE ANALYTICS

A pioneer of Revenue Management, Revenue Analytics is an enterprise SaaS company that partners with hospitality companies to solve their most complex pricing challenges. By leveraging powerful analytics and deep strategic experience, Revenue Analytics’ next-generation software delivers intuitive answers to help companies perfect their pricing, reclaim missed revenue, and take back their time. To learn more about how Revenue Analytics is recreating Revenue Management, visit revenueanalytics.com