All About Owners: Winning and Retaining Owners During Economic Uncertainty

Even against the backdrop of an uncertain 2023, you can win over and retain your owners with the right tools.

The ups and downs of the travel industry over the last few years and the cloudy economic forecasts for 2023 mean that there are new ways to strengthen owner relationships and drive positive outcomes.

At Beyond , we understand the critical balance of keeping pace with today’s evolving market dynamics and ensuring that your owners are happy. We know that owners seeking reassurance and guidance will appreciate a well-organized and realistic approach to setting revenue and occupancy expectations.

How To Strengthen Owner Relationships Amidst Economic Uncertainty

Your most important relationship is with your owners. Retaining an existing owner costs far less than acquiring a new one, so your efforts in keeping them informed and up to date are worth the time and investment -- although there are definitely opportunities for acquisition this year.

To help you manage and strengthen the relationships with your vacation property owners in 2023, we have boiled down some key areas to focus on:

• Put extra focus on retention
• Show your owners data and insights from your revenue management strategy
• Manage your owners’ expectations
• Know what to say when demand is low
• Find new opportunities for growth

More details are in our latest blog post ??

Why Dynamic Pricing Wins With Vacation Rental Owners

Using data-driven, intuitive tools to inform pricing decisions are paramount to driving bookings, but did you know that they keep your owners happy too? Ramping up your owner retention and acquisition strategy is especially important to prop up your business during these times of lower demand.

We recently talked to a few property managers about how dynamic pricing improves their business, and we noticed one main theme: dynamic pricing also helped improve relationships with their owners - and actually led to new owner acquisitions. These successful property managers know that dynamic pricing helps them stand out from the competition when it comes to owners, and they know that it can even help them find new ones to add to their portfolios.?

Take it a step further: Get Our Free Guide Full of Proven Strategies to Optimize Owner Acquisition & Retention