The vacation rental world is changing. We are becoming increasingly aware of the extra fees garnered by the popular companies like Airbnb, HomeAway (VRBO), TripAdvisor, and Booking.com. Guests are charged an extra 4-16% in fees per booking. Vacation rental owners are charged up to 20% in fees per booking. The extra fees charged could equate to another vacation for most travellers. Let’s break down the big companies fees:
Airbnb specifically chooses not to show their hosts how much guests are being charged because they do not want them to see the extra fees guests are paying. Hosts pay around 3-5% per booking, and guests pay 5-15%. The higher the total costs, the lower the percentage of fees charged. Although, Airbnb continues to raise their fees annually.
HomeAway does offer the choice of a yearly subscription fee ($399-$549) or pay 8% per booking. This sounds like an attractive option, but HomeAway routes their payments thought YapStone, who also charges extra fees. Fees charged by using the HomeAway platform can range anywhere from 4-12%. The guest “traveler” fees plus insurance is often twice of what the host will pay.
TripAdvisor (FlipKey) charges hosts 3% commission per booking and guests 8-16%. TripAdvisor is the most expensive vacation rental site when it comes to charging unnecessary fees.
Booking.com has no fees for guests! Great news right? Wrong, because hosts are paying 12- 20% per booking! I think we all know what happens here, hosts raise their prices to have a better take-home, and Booking.com collects even higher commission dollars.
Hawaii Chee charges a one-time yearly subscription fee of $349 (less for multiple listings) to list a property on the site. This subscription charge is less than what one or two stays of fees costs. Since Hawaii Chee spends much of their revenue on advertisements and marketing, your fee buys advertising. This is the best option if you want to save money, travel more, and have direct communication between hosts and guests.