Three Ideas To Add Extra Revenue to Your Vacation Rental!

As a vacation rental owner or manager, one of your primary goals is to maximize your revenue. While charging competitive rates for your rental units is a great start, there are additional ways to increase your earnings, such as by generating ancillary revenue.

Ancillary revenue refers to any revenue earned outside of the primary source of income, such as rental fees. In the context of vacation rentals, ancillary revenue can come from a variety of sources, including offering additional services or amenities, upselling existing amenities, and partnering with local businesses.

In this blog, we'll explore three ways to increase ancillary revenue in your vacation rental units.

1. Offer Additional Services One of the most straightforward ways to generate ancillary revenue is by offering additional services to your guests. Some examples of services you can offer include daily housekeeping, laundry services, transportation, rental equipment, or concierge services.

By providing these extra services, you can charge a premium and add to your revenue. Many guests will appreciate the convenience of these services, especially if they are on vacation and looking to relax.

2. Upsell Amenities Another way to generate ancillary revenue is by upselling existing amenities. Upselling involves offering guests the option to upgrade their stay with additional amenities, such as spa treatments, breakfast or dinner packages, champagne and chocolates, or special occasion packages.

By offering these upgrades, you can increase your revenue and also enhance your guests' experience. Many guests will appreciate the opportunity to upgrade their stay and enjoy additional amenities, especially if they are celebrating a special occasion or looking for a unique vacation experience.

3. Partner with Local Businesses Partnering with local businesses is another way to generate ancillary revenue. By teaming up with restaurants, attractions, or tour companies, you can offer your guests exclusive discounts or packages.

In exchange for promoting their services to your guests, you can earn commission from the businesses you partner with, and increase your revenue. Additionally, your guests will appreciate the local knowledge and insider tips you can provide, which can enhance their vacation experience.

In conclusion, there are several ways to increase ancillary revenue in your vacation rental units. Offering additional services, upselling existing amenities, and partnering with local businesses are just a few examples. By providing value-added services and experiences that enhance your guests' stay, you can increase your revenue and establish a loyal customer base. So why not start exploring these options and see how they can benefit your vacation rental business?