Business Travel in Vacation Rental Industry
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Business Travelers Choosing Vacation Rentals At “Eye-Popping” Speeds?

Screen Shot 2014-05-12 at 10.50.07 AMAccording to a report from Concur, which operates a travel and expense system with more than 22 million users globally, vacation rentals are showing up on business expense accounts at “eye-popping” speeds…

Business travelers used to stay exclusively at chain hotels like Marriott and Hyatt.

But lately, as expected, we are popping up on business expense reports more and more.

Concur says that business stays at AirBnB, for instance, have gone from $0 (two years ago) to $1 million this quarter alone!

Since this represents only a tiny sliver (1%) of the market share, the report reveals “hotels could soon be pressured by the loss of the business and luxury segment.”

(No big shock here.)

If you want to experiment with the business traveler segment, there are some really simple (and in most cases, free) adjustments you can make to your business in order to test the waters:

They’re outlined in my interview here: Episode 001 of the VR Renegades Podcast with Jeff Duda.

If anyone has touches they make to their rental in order to appeal to the business travel segment (OR just ideas that may or may not work), I’d love to see them in the comments section below…

About the Author Matt Landau

Matt Landau is the Founder of the VRMB and the Inner Circle, two online resources dedicated to helping vacation rental owners and managers generate more bookings. Google+ | More Posts (230)

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