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Canada Short-Term Rentals Slowdown? 5 Hacks to Boost Revenue in 2024

The Canadian short-term rentals market is a hot commodity, but let's face it: Every market experiences fluctuations. In 2024, some areas might see slightly lower occupancy rates compared to previous years.


This doesn't have to spell doom and gloom for your co-hosting income! With a strategic approach, you can still maximize your revenue and keep your calendar booked.


Here are 5 actionable tips to help maximize revenue for your short-term rental:

1. Optimize Your Listing for All Seasons:
  • Highlight Off-Season Perks: Does your property offer cozy fireplaces for chilly evenings? Picturesque fall foliage views? Showcase these unique off-season features in your listing descriptions and photos.

  • Target Specific Audiences: Skiers in winter, leaf peepers in fall – cater your listing to seasonal interests with relevant keywords and amenities.

  • Offer Off-Season Discounts: Entice potential guests with strategic discounts during slower periods.

  • Know your booking windows: Understand your data and know how far out in advance your guests book so you can ensure your marketing is timed correctly.


2. Become a Master of Dynamic Pricing:
  • Track Market Trends: Use data-driven tools to adjust your pricing based on real-time demand. This ensures you're competitive without sacrificing income.

  • Leverage Promotions: Consider mid-week discounts and weekend specials to attract off-season guests.

  • Stay Flexible: Be open to adjusting your minimum stay requirements to accommodate shorter trips during the offseason.


3. Elevate Your Guest Experience:
  • Go the Extra Mile: Small touches like welcome baskets or local recommendations can create a memorable stay and encourage positive reviews.

  • Impeccable Cleaning: Maintain top-notch cleanliness standards to attract guests who prioritize a comfortable and hygienic environment.

  • Respond Promptly: Fast and efficient communication with guests throughout the booking process enhances the overall experience.


4. Embrace the Power of Marketing:
  • Social Media Savvy: Promote your properties across social media platforms with engaging content and targeted ads.

  • Local Partnerships: Collaborate with local businesses (restaurants, attractions) to offer guests exclusive deals and generate interest.

  • SEO Optimization: Ensure your listing ranks high in search results by using relevant keywords and optimizing your listing description.

  • Check out our Free Guide: Marketing 101 for STR Hosts for more tips!


5. Stay Up-to-Date with Regulations:
  • Know the Rules: Canadian regulations regarding short-term rentals can vary by region. Stay informed to avoid any potential legal or compliance issues.

  • Maintain Licensing: Ensure you and the property owner have the necessary permits and licenses to operate a short-term rental legally.


Sounds like a lot of work, right?

You're absolutely right! Maximizing short-term rentals revenue in Canada, especially during off-season periods, requires constant effort and expertise. But here's the good news: you don't have to go it alone!



Brianne and Douglas Hamilton


Partnering with a Professional Co-Host like Junction House Getaways Can Be Your Secret Weapon:
  • We Take the Work Off Your Plate: Our experienced co-hosting team handles everything from listing optimization and dynamic pricing to guest communication and meticulous cleaning.

  • Maximize Your Revenue: Our expertise in marketing and dynamic pricing ensures your property is seen by the right guests at the right price, maximizing your income potential year-round.

  • Peace of Mind & Local Knowledge: Relax knowing your property is in good hands. We navigate local regulations and ensure a smooth, compliant operation.


Ready to turn your short-term rental into a revenue-generating machine?

Contact us today for a free consultation, and let's discuss how our co-hosting services can help you conquer the Canadian short-term rental market in 2024 and beyond!


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