In the hospitality world rates vary with seasonality and occupancy rates. Hotels and vacation rental owners usually take into account client’s demand to establish their rates, the busiest the season the higher the price. This way of establishing rates is known as revenue management or yield revenue management. Most hotels are actively using yield revenue…
Each owner may freely decide which form of payment they accept or decline. Traditional modes of payments are available in the Bahamas but it does not mean that they are accepted by all. Some owners may accept some credit cards while rejecting others because of the cost that is associated with them. A lot of…
There are no standard contracts nor cancellation policies when renting a vacation rental home in Harbour Island. It is a matter of preference for owners and what renters are willing to accept. Renters understand that a house is not a hotel room that can be substituted by another hotel room and that cancellation policies are…
The supply of vacation homes in Harbour island is limited so renters should take this in account when booking a house for a future dream vacation. Premium periods are often booked sometimes years in advance. Seasonality dictates how much in advance people are booking, Thanksgiving, Christmas and new years are usually very busy. From November…
In the vacation rental industry there are not really standard contracts, owners and their advisors determine their terms. Some rental agencies or websites may require owners to use their own contracts. Harbour Island is a small island by most standards where there is more demand than supply in vacation homes, so owners dictate the terms…
Rental agencies are intermediaries that owners hire to rent their vacation homes in Harbour Island. Their mission is to bring bookings to owners against a commission, they are as good as their professionalism and reputation. Rental seekers will need to conduct a due diligence to make sure that they contract with the right vacation rental…