VRBO VS. HomeAway VS. AIRBNB VS. ?BOOKING.COM? VS. TRIPADVISOR – Which is Best?
One of the most important decisions you’ll make before you start hosting guests inside your short-term property is which listing service you’ll use. In this post, we’ll compare and contrast the biggest names in this industry to help you choose which one makes the most sense for you.
Here at Goodnight Stay, we list our owners’ properties on the following sites: WRBO, HomeAway, Airbnb, ?Booking.com?,and Flipkey. But if you have to pick the best, it’s vital to understand how the listing sites stack up. Therefore, we’ve gathered the numbers that will link you with the top vacation rental listing sites for you.
Owner Fees: 3 – 5% of the booking fee
Guest Fees: Ranges between 10 – 13% per booking
Monthly Traffic: 88 million visitors on average over six months
Airbnb continues to prove itself as one of the biggest forces in the travel industry. Having an average of 88 million visitors during a six month period, it is the leading pack for vacation rental listing sites that work best in short-term rentals.
VRBO & Homeaway
Owner Fee: $499 per year or 5% per booking along with a 3% credit card processing fee Guest Fee: Ranges between 10% – 11%
Combined Monthly Traffic: 14 million visitors on average over six months
Having a staggering combined average visitor count of over ?14 million? monthly, VRBO and HomeAway are top-notch choices for owners that want traditional vacation rentals. These sites focus entirely on “whole home” rentals so they can attract travelers who do not want to share space with others.
Owner Fee: 15% per booking plus 3% credit card processing fee*
Guest Fee: 0% per booking
Monthly Traffic: 458 million visitors on average over six months
Booking.com? has the honor of being the most-visited travel site in the world with ?an average of 458 million monthly visitors? over the last six months.
TripAdvisor & Flipkey
Owner Fee?: 3% per booking plus 3% credit card processing fee Guest Fee: 8%-16% per booking
Monthly Traffic: 94 million visitors on average over six months
TripAdvisor and FlipKey work on a pay-per-booking model that has an owner fee that starts at 3%. This may be a little higher than the owner fee of Airbnb, but we still think this is an economical option for owners. This may not necessarily be a top choice for many guests.
3 Benefits To Owning Short Term Rentals
In the real estate world, renting property or property leasing is a common type of investment and a well-known source of income.
One type of rental which has gained immense popularity in recent years are short term rentals, otherwise known as vacation rentals. Short term rental properties refer to when the property’s owner rents out a fully furnished house for a short term stay. These properties can be rented out anywhere between a few days to a few months.
These types of properties are especially popular among holiday-goers, business travelers, and locals who might want a staycation.
Owning short term rental properties is becoming a mainstream activity and in this article, we will be talking about 3 different benefits for owners.
Less Wear And Tear
In a long-term rental situation, the wear and tear of property and other furniture in the house occurs due to overuse. The advantage of having a short term rental is that the tenants keep moving in and out frequently.
This means that the property is not used on a daily basis, which significantly decreases wear and tear. Your maintenance costs reduce since there is little work to be done for fixing the house.
Moreover, the time that you have between two parties occupying your property can be put to good use if you have any maintenance work to do. This means that you can prevent any further damage to property by checking on it often.
As we mentioned earlier, short-term rentals have the potential to be very lucrative. Property owners are able to set their own rates according to their demands, time of the year, type of property, and so on. Based on these factors, there is a lot of potential for some satisfying earnings.
Moreover, if you work in a different area for a large part of the year, you can rent out your house while you are away. This is a very simple and easy way to generate some extra income.
There are various social benefits that may interest certain property owners. As an owner/host, you can choose how much interaction you have with your guests. So, if you are interested in making new friends and entertaining others, then meeting your tenants can be of social value to you.
Goodnight Premium Stays is a professional vacation rental manager in Scottsdale, Arizona, and we would be delighted to talk with you if you have a property that you would like to turn into a short-term rental. Go here to receive a complimentary consultation on your home.