Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Stayz sweetens short-term renting for new hosts

By Juliet Helmke
15 October 2021 | 1 minute read

Holiday rental platform Stayz is looking to make property investment in the short-term market an increasingly attractive option for Australians. 

Their Fast Start program, which has been rolled out in Australia over the past few weeks, is designed to help new properties capitalise on holiday rental demand and create easier pathways to tempt users onto their site.

With potential renters often gravitating towards established listings with high numbers of reviews, Stayz has argued that it can be hard to start up with or switch to a new short-term rental site. 

Advertisement
Advertisement

It’s now allowing users to display a “new to Stayz” badge for 90 days while benefiting from being able to display a review score from other rental sites where they may have a more established presence.

The platform will also be boosting visibility of new properties for the first three months and giving new hosts personalised support in optimising their listings.

To be eligible for Fast Start, properties must have earned more than $3,500 in the last year, have received a rating of 4.5 stars or above on other platforms, or be let by a “superhost.” It’s open to both individual owners and multi-property accounts. 

Darren Karshagen, Stayz’ director ANZ vacation rentals, noted the program had delivered strong results for property owners when it debuted in France, Canada, and the United Kingdom early in September.

The company anticipates new Australian hosts will similarly see on average a 25 per cent increase in bookings, a 50 per cent increase in booked nights, and a 140 per cent increase in gross booking values, as was experienced by the first participants of Fast Start.

Kevin Locraft, a VP at Stayz’ parent company Expedia Group, said the figures showed Australian home owners and investors would find it easier than ever to leverage their properties on the platform.

“Our data and insights from hosts participating in Fast Start show there are strong positive outcomes not only for the hosts but also for our travellers,” he said, noting that it had been a tumultuous time for anyone who relied on tourism for income.

“For over twenty-five years, it’s been our mission to pair home owners and property managers with families and friends looking for a place to stay and spend time together. That mission endures just as strong today as it did when we started, and we truly appreciate all of our hosts who are continuing this journey with us at such a critical time for the travel industry.” 

Stayz sweetens short-term renting for new hosts
beach house reb
lawyersweekly logo

Tags:

ABOUT THE AUTHOR


Juliet Helmke

Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.

Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.