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You can now enjoy a personalized, worry-free travel experience through a data-driven platform that perfectly matches ALL your travel preferences with handpicked properties from trusted owners.
Travel has come a long way.
Before telephones, guests would have to write letters to hotels where they want to inquire about availability. Before the Internet, guests must send money orders in advance to secure reservations. Today, you no longer have to worry about headache-inducing travel planning when you’re looking for the best places to travel this 2023. Things seem much easier when you do everything online. Almost, but not quite.
Before the pandemic, the travel industry was a booming market as well. The industry had established itself as a significant contributor to the global economy, accounting for 10% of the world’s GDP and providing employment for over 320 million people worldwide.
As the COVID-19 smoke finally clears up, travelers can access a wide assortment of vacation rentals and accommodations options on their smartphones. However, considering the high volume of available alternatives for the best places to travel this 2023, knowing which websites to trust can definitely take some time and effort.
Thanks to Rent By Owner, the power of data is now helping millions of travelers roam to their hearts’ content, creating memories in the most well-appointed property rentals that suit their lifestyles and budget.
Who is Rent By Owner?
Rent By Owner is one of the specialty brands developed by the award-winning travel tech company UpNext. Since our launch in 2013, we’ve stood out from the rest of the competition by relying on over 500 million data points focused on conversations about travel.
Through a proprietary system and network, our team filters and curates a selection of listed properties from its list of trusted property owners to match every type of traveler’s preferences. When you enter a search for a vacation rental on Rent By Owner to experience the best places to travel this 2023, you can trust that we’ve handpicked the properties you see to exactly match what you need for your next holiday.
However, when the pandemic upended everyone’s life and shuttered most of how we travel, the RentByOwner team was suddenly forced to close shop and re-evaluate its direction temporarily.
First, we had to get a complete overview of the pandemic’s disruption. At the peak of the outbreak in 2020, subsequent travel restrictions and lockdowns have led to a sharp decline in travel demand, causing major disruptions to the industry. The United Nations World Tourism Organization (UNWTO) reported that international tourist arrivals dropped by an unprecedented 72% compared to the previous year. This figure represents the most significant decline in international tourism since records began.
Then there were the most painful blows of all. Employees were furloughed, more jobs were lost, and many experienced drastic financial difficulties. According to the World Travel & Tourism Council (WTTC), the travel industry lost an estimated 100 million jobs globally in the same year. Clearly, our market was one of the hardest-hit industries in the last three years.
As more companies shifted their business models and operations, Rent By Owner joined the bandwagon in improving and further developing our digital platforms, tools, and technologies. Though, not specifically to adapt to the pandemic situation but to enhance and be more innovative when true travel without restrictions returns in this year of travel, 2023.
Yes, we went through a rollercoaster of ups and downs, tears and triumphs during the pandemic storm. A one-year hiatus was essential to recharge and reset. We wanted to ensure we kept ourselves busy by building a decentralized travel marketplace to connect travelers to property owners and managers.
Today, we’re working on turning Rent By Owner into a multilingual brand available in various countries and operating on more than 50 unique domain names.
Why Rent By Owner?
In improving our digital systems, we discovered that the pandemic had highlighted the inefficiencies of the existing travel ecosystem, especially in the short-term rental market. So, our team worked to create an efficient online marketplace wherein guests can connect directly to the property owners or managers, seamlessly transact, and worry less about whether the place they book will meet expectations. Helping you find the best places to travel this 2023 is one of our biggest motivators. In doing this, we help create better memories as we foster better domestic and overseas adventure travels for everyone.
For travelers, Rent By Owner’s use of data provides them with a more personalized search experience. Data points in search history, location, and preferences, rental websites can quickly give them what they are looking for, which saves them time while improving their user experiences.
According to McKinsey & Co., brands that offer data-driven personalization can drive up to an estimated 25% increase in profit. That’s why we do our best to stay efficient when identifying and addressing bottlenecks in the booking process.
Travelers tell us what they are looking for, and we give them what they need while constantly improving every result the next time they book another stay. Our platform also makes them feel more secure from potential issues such as fraudulent listings or unsafe properties.
For property owners, our data-driven resources tell facts and reliable stories about market trends, including the most popular destinations, rental types, and pricing. The numbers show the importance of what Rent By Owner does for the travel industry. The most recent data also shows us that 49% of travelers value their travels more this year than before the pandemic. In turn, data crunchers can predict real-estate values with a 40% predictive power based on several consumer variables such as household income or vacancy rates. Fortunately for property owners, we’re way ahead of the pack.
Providing them with information that helps them understand how travelers behave and what they are looking for allows them to make smarter decisions about competitive pricing or added features for their offered properties. Since the data that users share about their preferences and search history on our platform helps us improve the relevance of the search results, more property owners can enjoy better user engagement, increased bookings, and overall satisfaction.
What’s Up Next?
In 2023, we take that same high level of trust from our stakeholders and feature directly owned properties to offer you the best deals. Doing so eliminates the risk of booking properties misrepresented or overpriced by third parties. We also offer a secure platform for direct communication between travelers and property owners to reduce intermediaries and additional fees.
But it’s not just our technology and approach that makes us a trustworthy brand. We also have a dedicated customer support team to assist our stakeholders with any questions or issues that may arise during the booking process. The team also verifies every property and owner to ensure that everything complies with state and federal laws and meets all safety standards.
As Rent By Owner returns this year, our team aims to strengthen every type of traveler’s trust as they look for vacation rentals and accommodations. Looking back over the past ten years, we’ve realized that we have created something valuable for all of our stakeholders: from the travelers looking for great staycation homes, to our property rental partners, to the communities in the localities we serve. We are proud of the hard work and dedication of our team members in Canada and from all over the world, who have contributed to innovating how we all travel and connect.
Up next, we’re excited to see more purposeful journeys, memories, and stories in this new year of travel, 2023. Start planning your dream vacation today and book a personalized vacation rental with Rent By Owner!
TLDR
With Rent By Owner, discover the power of data-driven personalization for a seamless, worry-free travel experience. From trusted property listings to direct communication between travelers and property owners, to a dedicated customer support team, Rent By Owner is your gateway to purposeful journeys, memories, and stories in 2023.
Featured Image Credit: Matthieu Joannon on Unsplash
