The Importance of Implementing the Right Tools – Emerging Stronger after COVID-19
In the midst of this global pandemic, with empty rentals across the United States, what actions should property managers looking to emerge stronger after this crisis be taking? Our partners at Perfect Price, see this moment in time as an opportunity to take action on parts of your business that you may have never had time for in the past, or been putting off for a rainy day. In these uncertain times, one thing is for certain, what we do now will impact our businesses in the future — how we use this time, is important. Consider things like switching …
Partnership with PointCentral
TRACK Hospitality Software, Powered by TravelNet Solutions Empowers Enterprise Property Owners with Smart Home Automation Solutions Partner PointCentral COTTAGE GROVE, MN — JUNE 1, 2020 — TRACK, an integrated enterprise software with end-to-end solutions built around the industry’s leading CRM continues to support enterprise property management companies with PointCentral, Smart Home solutions that enable vacation rental and residential property managers to remotely control energy and access to all their properties from their desktop or mobile device. Property Management Companies and owners can have confidence and trust that their guests are receiving exceptional service and following sanitation and health …
Resort Reservations: What To Say When The Phones Start Ringing Again Shortly!
Wow, what a wild two months that resort reservations sales agents have endured. Agents were the first to feel the impact of the COVID19 pandemic, as suddenly a tsunami of cancellation calls and emails flooded the phone lines and inboxes. How painful it must have been to watch hard-fought bookings cancel and to see the flow of revenue change direction. Even more so, this team endured difficult conversations about the fine print of cancellation terms and travel insurance. Next, it was surely hard to watch as co-workers from operations were furloughed or laid off. Now, here in late April, …
Covid-19 Crisis and Guest Chargeback’s
Advice From Our Industry Partner, Ascent Processing Many vacation rental clients are offering flexibility in their cancellation policies due to concerns about COVID-19 to help protect general health. Airbnb may not be giving hosts a choice, but when you are MOR (merchant of record), the financial decisions that impact your business are yours to make. Some vacation rental property managers are offering guests a penalty-free rebooking and others are offering refunds (full or partial) where they normally wouldn’t give them. Our research confirms that very few VRPM’s are holding firm to their pre-virus cancellation policies. Throughout our 20+ years of …
Turn Your Inbound Reservations Team Into Sales Hunters!
The reservations teams at most lodging companies are typically focused on responding to inbound inquiries coming in via phone, email, chat, and responding to messages in apps such as AirBnB, VRBO, and Booking.com. In essence, they have an administrative, “order-taking” role. However, smart leaders recognize the revenue-generating opportunities presented when guests reach out directly. They have already provided sales training to help agents evolve into being “order-makers.” Watch the webinar or continue reading the article below. In previous blogs and webcasts for TrackPulse, we have covered highlights from KTN training workshops that can help “order-makers” close more bookings from …
TRACK Powered by TravelNet Solutions and PriceLabs Share a Partnership To Cater to the Vacation Rental Industry
Property Managers using TRACK can utilize an industry leading dynamic revenue management platform to manage prices and length of stay easily with data-driven insights, smart rules and automation Cottage Grove, Minnesota – February 20, 2020 —TRACK Hospitality Software powered by TNS, providing integrated solutions for vacation rental property management companies, hotels, and resorts, has announced its partnership with PriceLabs. PriceLabs generates vacation rental prices by analyzing each listing and recommending daily rates based on seasonality, day of week, lead time, local demand and several other factors. Property Managers can now use PriceLabs’ powerful revenue management system with TRACK PMS to …
Vacation Rental Software’s Impact on Dynamic Pricing
Dynamic pricing is an extremely effective tool when pricing vacation rentals to maximize their revenue based on supply and demand. When your revenue management and vacation rental software pair up, it can be utilized in multiple different situations such as holiday rates, high occupancy weeknights, weekend rates, and during promotional specials. The days of changing rates due to single seasons and set once per year is far behind the vacation rental industry. A single key benefit to dynamic pricing is the ability to adjust rates frequently to optimize your occupancy performance. The structure behind Dynamic Pricing Providers in the Vacation …
Rented.com and TRACK Team Up to Provide Revenue Management Services to TRACK PMS Users
Property Managers using TRACK PMS are now eligible for a free one month trial of Rented.com’s Revenue Management Services February 6, 2020 (Cottage Grove ) — Rented.com, the leader in providing tailored revenue management services combining industry expertise, data, software, and hands on pricing and manual intervention, announced today that it’s partnering with TRACK Hospitality Software powered by TravelNet Solutions, the hospitality industry’s leading integrated software and solutions provider for hotels, resorts, and vacation rental management companies. Vacation rental managers with 50 properties or more who use TRACK Property Management Software can now receive a free one month trial of …
TRACK, Powered by TravelNet Solutions Announces Partnership with HomeToGo
FOR IMMEDIATE RELEASE TRACK, a complete enterprise software solution for today’s ever evolving short-term rental industry is excited to announce their partnership with HomeToGo (www.hometogo.com), the world’s largest vacation rental search engine. The integrated solution offers Professional Management Companies cutting-edge reservation technology, coupled with thousands of vacation rentals at the click of your mouse. COTTAGE GROVE, MN – January 29, 2020. TravelNet Solutions, provider of TRACK Hospitality Software, which is built around the industry’s leading CRM, is excited to announce their partner integration with HomeToGo. TRACK’s integrated modules deliver the best end to end experience for management companies, owners, and …
Why Your Vacation Rental Management Needs Revenue Management
It is no joke that in 2020 revenue management has become more critical to the Vacation Rental Management industry. Property managers want to understand why it’s relevant, how to compete, and ultimately, maximize their revenue. In this post you will learn how revenue management is more than just pricing, along with what revenue management companies TRACK Property Management Software partner with. Why Your Vacation Rental Management Needs Revenue Management Taking it back to the basics, revenue management is important due to the ancient rules of supply and demand. Your vacation rental management company needs to strategically set rental fees based …
