Taking Stock of the 2018 Season (And the Tools that Can Help!)
With the holidays just around the corner, a number of vacation rental companies across the country are wrapping up their season for 2018. There may be a few more waves of guests in the weeks to come, especially around the Thanksgiving and Christmas holidays, but for many companies, it’s time to wind down, take a breath, and review the success of 2018 while planning for an even better 2019.
So if you’re at that point where you can focus less on day-to-day reservations and operations, and concentrate instead on the bigger picture, remember that LSI Tools can help!
We have a suite of tools designed to help you utilize your data to its best advantage, and to help you determine trends, successes, and opportunities for more bookings in the years to come.
Need help reviewing your 2018 season, and identifying ways to boost your reservations and your bottom line for 2019? Then check out these tools that are designed to turn raw data and numbers into genuine insight.
Our newest tool, VRMA Insights, stemmed from a partnership with the Vacation Rental Management Association (VRMA), and is one of the most comprehensive tools on the market for tracking your company’s performance! By using data from all across the country to create an accurate and thorough portrait of how the industry is performing on a local and national level, rental managers can easily track industry trends, determine areas for improvement, create pricing strategies, craft marketing plans, and make insightful business decisions for 2019 and years beyond.
Rental Insight is one of LSI’s most popular management tools, and for good reason. This highly detailed tool utilizes your vast database of guest information to create detailed reports that track the numbers and corresponding information that directly affects you bottom line. Keep past and current guests informed about upcoming specials and events that align with their interests, or review daily, weekly, monthly, and annual reports to identify trends in bookings and property performance. With Rental Insight, extensive data mining becomes a simple, one-click process
Price Point Tool
Are there properties, weeks, or rental rates that held you back during 2018? You can find out all this info and more with the Price Point Tool! This popular LSI mini-tool allows you to monitor the success of rental rates and special promotions, resolve troubled price points by using your own data, and make informed decisions on discounts, promotions and upcoming season pricing. From determining which properties to invite back for 2019, to figuring out your seasonal rates in the coming years, the Price Point Tool was designed for big picture projects and reviews.
Curious about any of the above tools, and / or how to use your 2018 data to make informed decisions in 2019? LSI Tools can help!
Reach out to us anytime via a phone call, email, or support ticket request, and we’ll be happy to help you ensure that 2019 is your best year yet.