Hostfully + Whimstay: Enhancing Revenue with Last-Minute Booking SolutionsHow Hostfully leverages Whimstay’s niche in last-minute bookings to drive incremental revenue and optimize occupancy for property managers.
“Whimstay has distinguished itself as the leading OTA focused on last-minute stays. They’re outperforming in a challenging market environment and continue to penetrate our customer base,” says David Jacoby, President and Co-Founder of Hostfully. As an innovative leader in property management software, Hostfully saw the potential to better serve their property managers by connecting them with a dedicated channel for last-minute inventory, a solution to help optimize occupancy rates and fill gap nights and cancellations.
The Challenge: Maximizing Revenue with Last-Minute Bookings
Property managers using Hostfully’s platform were encountering the common issue of maximizing unsold inventory. Particularly when it came to filling short-notice vacancies and cancellations. This challenge emphasized the need for a specialized approach to market these available nights effectively. As well as secure bookings that would otherwise be missed revenue opportunities.
The Solution: Streamlined Integration with Whimstay
Recognizing this need, Hostfully sought out a partnership with Whimstay, enabling property managers to list unsold nights effortlessly. This strategic move provided Hostfully’s clientele with the tools to implement a last-minute booking strategy that maximizes distribution and drives incremental revenue. Whimstay’s platform uniquely caters to a uniquely targeted market of travelers seeking last-minute deals on travel, thereby providing a valuable resource for Hostfully property managers to capitalize on.
Whimstay has distinguished itself as the leading OTA focused on last-minute stays. They’re outperforming in a challenging market environment and continue to penetrate our customer base.
– David Jacoby, President and Co-Founder, Hostfully
The Impact: Boosted Occupancy and Enhanced Revenue Streams
The partnership with Whimstay marked a significant milestone for Hostfully. Property managers were able to witness an increase in reservations with shorter booking windows, particularly during times that traditionally saw lower occupancy. By tapping into Whimstay’s audience of last-minute travelers, Hostfully not only optimized their existing inventory but also opened up new revenue streams for property managers, reinforcing the benefits of a diversified distribution strategy.
Final Thoughts: Demonstrating the Strength of Synergistic Partnerships
The Hostfully and Whimstay partnership stands as a testament to how strategic collaborations can address industry-specific needs. Particularly in maximizing the potential of last-minute bookings. This alliance not only facilitates increased occupancy but also underscores the effectiveness of leveraging specialized platforms focused on unique markets to enhance property managers’ revenue.
Insights for Industry Peers:
For property management software providers and their users, the success story of Hostfully and Whimstay serves as an inspiring model. It showcases the impact of embracing a multi-channel strategy and forging partnerships that align with emerging market trends. Ultimately driving incremental revenue and fostering business growth and resilience.
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