VRS216 – Getting Back To The Basics Of Vacation Rental with Wes Melton - Vacation Rental Formula

VRS216 – Getting Back To The Basics Of Vacation Rental with Wes Melton

Are property managers a dying breed? Is this the end of property management as we know it? These questions are coming at us from a variety of sources and the latest was an article from Wes Melton at Smoky Mountains.com, published on Matt Landau’s Vacation Rental Marketing Blog. In this insightful but inconclusive argument, Wes makes the point that property managers will have to reinvent themselves to meet the challenges of the future.

“We must change the narrative from first touch to be less about the property, and more about the experience ?we are able to create for ?a guest's stay that no other company can.”

A Part Two of the article is already in the works, and this will offer some practical solutions, so in this episode I ask Wes what PMs will have to do in order to adapt to this new reality, and get set for the future.

It was interesting that he draws on a book published in 1999 to illustrate his argument that we will have to focus on experiences rather than the features of a property to build our brands. Isn’t this what we’ve been saying for years?   That to stand apart from our competitors, we need to go the extra mile in customer service and create those touch points that will be remembered long after the smell of sun tan lotion has faded.

Listening to Wes – a former property manager himself – you’ll realise this isn’t rocket science. It’s simply back to basics customer service at a level that is not attainable by an OTA. And then, by ensuring the guest knows where that touch point has originated from.

In this episode Wes shares:

  • Why the future of niche listing sites is positive if done right
  • The importance of creating the best information on destinations
  • What the ubiquity of choice means and why we should pay attention to it
  • How a $5 gesture can create a raving fan
  • The difference between an ‘OK’ brand and a ‘really great’ brand
  • Why making a guest feel treasured has 100% ROI
  • The quadrant in the owner matrix where firing is the only option
  • The 3 things he would do differently if he was back in a PM role

Links discussed:

The Experience Economy – B Joseph Pine II

Property Management Is Dead As We Knew It (VRMB)

VRS055 – Rich Guest Profiling with Louise Brace

The Customer Service Revolution – John Di Julius

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