Lake Havasu, Arizona, is a prime location for vacation rental properties, attracting over a million visitors annually. It's home to wonderful waterways, a stunning river coastline, and numerous annual events.
If you own a short-term rental in this part of the world, there's no doubt that vacationers are eager to rent it from you. The trick is getting them to know it's available.
Forecasters predict online bookings should produce 73% of total booking revenue by 2028. So, it's not a matter of whether to advertise your Lake Havasu vacation properties online, but rather which platform to choose.
Read on for a comparison of the world's most popular vacation rental platforms.
VRBO
VRBO prioritizes advertising a diverse, high-quality range of stand-alone accommodations, like beach houses, chalets, and cottages. It's one of the best vacation rental sites if your target market is families or groups looking for private, personalized vacations.
Despite these restrictions, there are over 2 million vacation rentals across 190 countries listed on this platform. A vacation home rental comparison with other Lake Havasu properties will help you set up competitive pricing to attract more guests.
Listing your property on VRBO is free, and you pay between 5% and 15% for every booking received via the platform.
Airbnb
Airbnb is the best-known online platform and one of your best Lake Havasu rental options. Most people head straight to this website while planning their vacations.
This platform appeals to those wanting a personalized stay and gives smaller operators the edge against major hotel brands and large resorts.
You pay a service charge of between 14% and 16% when marketing your vacation rental with Airbnb, plus 14% of the income from bookings received. The latter charge is split between the property owner and their guests.
The AirCover insurance program and mandatory security deposit offer peace of mind for landlords renting their properties on this platform.
Booking.com
Booking.com, the world's most valuable travel brand, is a major player in the vacation rental industry. The site attracts millions of visitors every month and features 28 million property listings.
It's available in 43 languages and attracts visitors from across the globe. If you're aiming for international tourists, this is the best platform for you. You don't pay registration fees or listing fees to advertise your property with Booking.com, and the platform is quick and easy to use.
You pay between 15% and 20% for every booking you receive on this platform. Your guests don't pay any additional booking fees.
Managing Properties Listed on Vacation Rental Platforms
Making the most of these vacation rental platforms is a fine art that takes time and experience. It helps to work with an experienced property manager to get the most out of the exercise.
PMI Lake Havasu can help you set up appealing listings, fair prices, and seasonal strategies for short-term rental success. We have the support of an established national franchise with 20 years of experience.
Our team is well-versed in both short- and long-term property management in Lake Havasu and offers a full range of services to simplify your experience as a landlord.
