Our Industry Is an Exciting One, Especially When You Consider Some of These Short-Term Rental Trends
Right now, the market offering short-term rentals could not be hotter, as more and more travelers and remote workers discover the convenience and pleasures of private accommodations while away from home. iTrip is a leader in this increasingly important industry, and as such, we pay close attention to short-term rental trends and how they might impact our brand and our franchise owners. We’ll look at three of them below and how iTrip factors them in to maintain its position as an industry leader.
Travelers have always valued flexibility when it comes to their itineraries and accommodations, but perhaps now even more so. Many guests are looking for ways to further their travel budgets, especially if they’re traveling with children. Private accommodations and the short-term rental market allow them to enjoy the comforts of home (think full kitchens, backyards, and privacy). Short-term rentals can also accommodate more flexibility in terms of length of stays, at prices most hotels simply can’t match.
Guests these days also want to feel as though they’re being heard. They want their questions answered fully and quickly and their concerns addressed promptly. Private accommodation hosts know this, and the better ones rely on the latest technology to keep them in the loop and their guests a priority. iTrip’s award-winning technology allows our franchisees to keep track of everything from a single hub — innovation that has ranked us among the top 20 short-term rental property management companies in the world! Furthermore, when combined with our system integrations and franchise app, our technology allows our franchisee’s properties to rank higher in search results for a better bottom line.
Now more than ever, travelers are paying close attention to the cleanliness of any property they might stay in, whether that’s a short-term rental, hotel, or motel. Because private accommodations tend to have limited contact points and often feature contactless check-ins, they are a choice for people who want to resume travel but do so in a safer and more reassuring manner.
ITrip has always paid very close attention to cleanliness and safety. Our franchisees rely on professional cleaning crews and janitorial services that use the latest technologies to keep properties clean and hygienic. Our clients remember this kind of extra attention when the time comes to book again because we know keeping a property clean isn’t just a matter of aesthetics; guests need to feel safe during a stay, and iTrip franchisees make sure they do!
Travelers, especially millennials, want more than a vacation or a place to stay while working remotely; they want the chance to feel like they’re part of the neighborhood, the environment, and the culture they’re visiting. The short-term rental market caters to that desire. Staying in a private property allows a guest to enjoy surroundings more fully, as an actual resident might, with the potential of chatting with neighbors, exploring new areas, and feeling more connected to the area. The opportunity for this kind of authentic experience is one of the most important trends in the short-term rental market, one that will keep our industry thriving and our franchisees busy for the foreseeable future!
The iTrip Vacations brand is an industry leader, enjoying more growth every year. To find out how you can become part of that, get in touch today!