Happy Friday!
Last week we released our largest product update ever. We covered 65 updates, with the main features including: generating door codes based on the last 4 digits of the guests' phone number, auto-creation of listing sites, including cleaning fees on statements, charge snapshots, and delayed door code generation.
Looking for something to watch this weekend? Netflix has released a new series called, "The World’s Most Amazing Vacation Rentals." The series includes eight episodes that feature three different rental properties across the globe.
Summer on the island of Maui is in full swing, with a total occupancy rate of 75% according to the Hawaiʻi Tourism Authority’s May 2021 Vacation Rental Performance Report. Out of all four counties in Hawaiʻi, Maui County has the largest vacation rental supply with 234,400 available unit nights. The average daily rate for vacation rental units statewide was $236, while hotels were at $288.
If you're thinking about taking a summer vacation, you better act soon! Vrbo's president recently stated in an interview that "there are not enough vacation rentals to go around." The flipside of this shortage is that vacation rental owners are either fully booked or close to it, and are therefore able to increase nightly charges based on demand.
