Back in 2009, with the listing sites (and our category in general) starting to gain momentum, the members of this community and myself predicted that "listing site independence" (ie. marketing diversification for vacation rental pros) would be the north star to follow. In the years that followed, plenty of direct booking movements spawned and a legitimate trend was formed.
The theory of "Limited Edition" was born in 2018, and has since become a chosen gold standard for operators around the world (plenty of whom were already running limited edition businesses). The phrase "limited edition" has worked its way into modern day industry vernacular.
And today I wanted to share a BIG trend (one I consider as big if not bigger than LSI and Limited Edition) as we enter uncertain STR futures: Hospitality gestures are the "new" marketing.
The truth is that listing sites have become so proficient at generating new inquiries for owners and managers, we have no choice but to let them generate new inquiries for us! HOWEVER, we must then re-focus time, energy, and marketing resources on the activities whose exponential ROI are much within our control: setting expectations, then meeting and exceeding those expectations in-stay (ie. in the home).
The vacation home experience has always been our unique chance to interact with guests and build relationships (a kind of social capital in vacation rental branding): this much is not new. But when you break the guest journey down into parts and select the most important inflection point that drives repeat/referral direct bookings (with the help of listing sites), you are left irrefutably with hospitality. These hospitality gestures form the interrelationships and main drivers of loyalty. I would like for you to think of them as marketing.
But here's the important part: hospitality gestures (as the new marketing) COST money and time (at least, more than you previously estimated). So this requires shifting mindsets and seeing the value (aka. bigger picture) of any single guest (or homeowner) interaction as it fractals into the future.
Here are some hospitality gestures that could serve as your new marketing expenditures:
- Phone calls (or in-person interactions) whenever possible
- More thoughtful welcome gifts & hand-written notes
- More personal introductions to local businesses
- Special offers for local experiences
- Quick response times
- Upgraded amenities like soaps/shampoos
- Better note-taking prior to arrival (aka. better use of CRM ... because note-taking is the mother of personalization)
- Creative solutions to questions or problems
How about some case studies?
-
Durrette and
EmilyRead and Cozi Vacation Rentals (aka. 'the quintessential waveriders') and the emphasis they place on in-stay marketing ROI in one of the most explosive markets (Texas Wine Country).
- Relationship building, judgement calls, housekeeping/maintenance interactions as some of our favorite "unscalable investments"
- Quality branded IP as the best way to protect from disruption (according to Bob Iger)
So fam, who's with me?
Who is willing to increase their hospitality gestures budget?!?!
P.S. Feel free to share any hospitality gestures (that act like marketing) you are already doing for inspo!
The theory of "Limited Edition" was born in 2018, and has since become a chosen gold standard for operators around the world (plenty of whom were already running limited edition businesses). The phrase "limited edition" has worked its way into modern day industry vernacular.
And today I wanted to share a BIG trend (one I consider as big if not bigger than LSI and Limited Edition) as we enter uncertain STR futures: Hospitality gestures are the "new" marketing.
The truth is that listing sites have become so proficient at generating new inquiries for owners and managers, we have no choice but to let them generate new inquiries for us! HOWEVER, we must then re-focus time, energy, and marketing resources on the activities whose exponential ROI are much within our control: setting expectations, then meeting and exceeding those expectations in-stay (ie. in the home).
The vacation home experience has always been our unique chance to interact with guests and build relationships (a kind of social capital in vacation rental branding): this much is not new. But when you break the guest journey down into parts and select the most important inflection point that drives repeat/referral direct bookings (with the help of listing sites), you are left irrefutably with hospitality. These hospitality gestures form the interrelationships and main drivers of loyalty. I would like for you to think of them as marketing.
But here's the important part: hospitality gestures (as the new marketing) COST money and time (at least, more than you previously estimated). So this requires shifting mindsets and seeing the value (aka. bigger picture) of any single guest (or homeowner) interaction as it fractals into the future.
Here are some hospitality gestures that could serve as your new marketing expenditures:
- Phone calls (or in-person interactions) whenever possible
- More thoughtful welcome gifts & hand-written notes
- More personal introductions to local businesses
- Special offers for local experiences
- Quick response times
- Upgraded amenities like soaps/shampoos
- Better note-taking prior to arrival (aka. better use of CRM ... because note-taking is the mother of personalization)
- Creative solutions to questions or problems
How about some case studies?
-


- Relationship building, judgement calls, housekeeping/maintenance interactions as some of our favorite "unscalable investments"
- Quality branded IP as the best way to protect from disruption (according to Bob Iger)
So fam, who's with me?
Who is willing to increase their hospitality gestures budget?!?!
P.S. Feel free to share any hospitality gestures (that act like marketing) you are already doing for inspo!
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