Knowing what’s currently popular in the vacation rental industry is crucial. Channel management is where things become the most difficult. Our goal with this post is to demystify channel managers so you can make an informed decision when selecting one for your short term rental software.
We’ll answer the question for you if you’re wondering whether or not your property requires a channel manager: Yes! Having a channel manager on your side is essential. Channel managers are crucial to your vacation rental’s success since they facilitate the dissemination of your vacation rental’s properties inventory across several OTAs, tourist resources, and brick-and-mortar travel agencies. Of course, as the title of this blog suggests, not every channel manager is the same. Our top priorities for a channel manager are as follows:
Two-Way Connections
If a channel manager can receive and transfer your merchandise in real time (or near to real time), you will both benefit greatly. It’s also helpful if the channel manager works in tandem with your property management system (PMS) to streamline the reservation process.
Integration Capabilities
Naturally, you’d want your channel manager to work in tandem with your vacation rental’s property management system, central reservation system (CRS), and revenue management platform. However, the challenge lies in locating a channel manager capable of doing so without a hitch. To ensure you and your property get the full advantages of the channel manager, we previously noted that two-way communication is ideal.
Pooled Inventory Method
To put it another way, this ensures that the highest possible number of properties is always shown in your distribution across all booking channels. Because your channel management communicates in real time with your PMS, this is possible. To conclude, you should keep looking for a channel management that does not use pooled inventory.
One of the numerous tasks of a vacation rental manager is determining how best to allocate resources in order to increase the number of paying customers. You may learn a lot about the best places to advertise and the most effective methods of promotion from the data generated by your channel manager. Earnings from reservations, booking volume, and information on which OTA made the booking all contribute to better marketing choices for repeat visitors.
Share Economy Capabilities
Guests nowadays are savvy shoppers; your channel manager must be able to integrate with sharing platforms like Airbnb to compete. The internet booking platform Airbnb is rapidly growing in popularity. Because of this, it is crucial that your vacation rental channel manager establish mutually beneficial relationships with such sharing platforms.
In order to get your properties at the top of search results, Channel Manager examines your OTA listings and optimizes them. Take advantage of your prominent placement in search engine results by advertising special deals tailored to certain demographics, pricing plans, and payment methods (such as mobile payments and non-refundable rates). Channel Manager has these features
Easy to Use
Simply enter your vacation rental’s details (including images, descriptions, pricing, and any other features) and post the data everywhere. So that you may advertise your company wherever it does the best, we are always adding additional global, local, and specialized portals.
Robust connection
In addition to having verified links to major OTAs, such as Airbnb, Booking.com, and Vrbo, you should also have verified connections to regional and specialty OTAs.
Stellar support device
They provide real-time, multilingual onboarding and training, as well as ongoing support and problem-solving for all of our customers.