Friday 19 May 2017

Save money on your next cottage vacation rental!

How would you like to save some money the next time you are looking for a cottage vacation rental?   Below I give some insight on what is costs the owners to list on those sites and how you can get the best price when shopping for your cottage vacation!

When guests are looking to get away for a vacation, they have a lot of options at their disposal.  Airbnb, VRBO, TripAdvisor, and Booking.com, are a few of the larger vacation rental platforms prospective guests can use to find their perfect vacation getaway.   There are many more sites available, and it seems that every week there are more platforms coming on board to take their slice of the vacation rental pie.   So how do you as a traveler, find the best deals for a cottage vacation rental?  First let me tell you how the sites work from the viewpoint of a vacation rental owner.

Airbnb and TripAdvisor - Both of these sites do not charge the owners to list their property.   If a guest books the property through the platform, the site simply takes a small percentage of the money as their compensation (usually around 3 percent).   So an owner who decides they want $200 for that one night at their property, will simply increase the price so that the portal gets their commission and the owner still gets her $200 to cover the bills, expenses, and hopefully have some left over as profit.


VRBO - Runs a bit different than the first two, in that it charges the owners a fee to list their property. The site does not take any commissions on bookings from the owners.   How does VRBO make its money?   VRBO charges the guest a "booking fee", which is essentially a commission on the transaction, but they charge the guest up front to book.  There is no need for the owner to increase their price as they still get their $200, but the guest still pays a higher price covering the VRBO booking fee.



Booking.com - This is a again free for the owners to list, but the owners receive a commission invoice at the end of each month to pay for bookings generated from the listing site.   So what do owners do to offset those costs?  You guessed it, the owner will increase their rates on this site as well so they take home that same $200 for a single night rental.


So what does this mean to you, the rental guest who wants to have the best vacation they can have at the lowest possible price?   It means that you should book directly from the owner or rental company.   At the very least find their website to compare prices.  Many times you can save hundreds of dollars by sourcing them directly.   By all means, look on one of the portals to find the cottage you are interested in!   But if you see "Oak Bay Hideaway" in Port Severn on Airbnb, or "Birch Grove" in Parry Sound on VRBO, take the time to do a google search for the same property and location.  Many times you will find the direct website where you can book at discounted prices!

Take your savings and put it towards your next vacation!  Have a fantastic summer!

1 comment: