At the annual conference of the Vacation Rental Managers Association (VRMA) in Phoenix, I shared the podium with T.J. Mahony of FlipKey to discuss why vacation rental managers should use guest reviews to drive success in their agency and how to do so. Thanks to T.J. for being a great partner in making the presentation and to FlipKey for being a great partner for EscapiaNET.
Included in the presentation are a number of charts that showed what we have learned about guest reviews at Escapia after having collected 40,000 reviews. Here are some of the key findings from our data analysis:
- Guest reviews drive bookings: We've always thought they would. But now we can see it in the data from ClearStay. The ratio of bookings to units on ClearStay for units with reviews is 41% higher than for those without reviews. That's a compelling result that units with reviews get booked more often than those without them.
- Vacation rentals generate exceptionally high satisfaction: 91% of past guests said they would recommend the unit they stayed in to a friend. And the average overall satistfaction score is 4.46 out of 5. That is a spectacular result and significantly higher than the average ratings I have heard of for hotels.
- Great location; less great condition: Escapia asks guest to rate their overall satisfaction and gets their rating on four specific factors -- location, service, cleanliness and condition. Location gets the best scores; condition the worst.
- Bookings happen for all units and all ratings: One concern occasionally expressed is that units with a low rating will not get any bookings. On ClearStay, we've seen that even units with low ratings actually do get booked. In fact, units with a rating of 1, 2 or 3 out of 5 represent 30% of ClearStay bookings but just 13% of units. My conclusion -- first, consumers sometimes have specific criteria that trumps the rating (i.e. they want a place with a hot tub and Internet access above all) and second that they understand a price/value tradeoff.
- Ask and you will receive: I asked a number of managers at the VRMA show what response rate they get for the paper surveys many of them leave in the rental units or hand to guests at arrival or departure. The typical answer was low single digit percentages. Escapia has now asked over 100,000 guests to review their stay. The response rate has been a very high 38% -- reflecting the enthusiasm people have for sharing their experience when it is made easy. And of the responses, 75% include not only a rating but also a written comment.
If you are an Escapia client interested in getting started with reviews, please contact customer support. If you are a vacation rental manager using a different software platform and are interested in incorporating reviews into your business my first piece of advice would be to consider using EscapiaONE software which incorporates reviews at no extra charge. If using EscapiaONE isn't an option (for some unimaginable reason :-) , my second piece of advice would be to contact FlipKey. They run a free and well desiged service and they can set you up regardless what software you use.

