Maximise your holiday let income

As a holiday let owner, you naturally want to get the best price for your property throughout the year.

In the Sykes Family of holiday cottage brands, we use a system called Income Maximisation which monitors market trends, local events, & adjust your rental price accordingly. Lakelovers Owners can also benefit from this.

Read on for further details about Income Maximisation and how it could benefit you.

What is Income Maximisation?

Optimal earnings and occupancy – Our market leading income maximisation algorithms managed by our team of experienced analysts create daily optimal pricing for each holiday week at a granular level, ensuring that all potential opportunities are seized. This enables us to deliver more bookings at the most optimal revenue.

What are the different options?

Lakelovers Owners have four choices of different levels of Income Maximisation.

Super Income Maximisation

We can increase your agreed rental price without limit, or decrease it by up to 20% (no more than 10% in low season).

Full Income Maximisation

We can increase your rental price without limit, and decrease the price by up to 10%.

Partial Plus Income Maximisation

You give us the discretion to vary your agreed prices upwards (without limit) or downwards within 4 weeks of departure date (limited to 10% discount)

Partial Income Maximisation

This allows us to increase your rental price by up to 25% where demand allows, and we would contact you about any other pricing initiatives.

Fixed Income Maximisation

This allows you to keep your prices static, with no increases and no decreases.

Which option is best for me?

Which type of Income Maximisation you choose is entirely up to you. You may want to consider:

• Owners can earn up to 53% more by choosing Super Income Max over Fixed Pricing
• Owners can earn up to 25% more by choosing Full Income Max over Partial Income Max

We do also offer our owners the option to be on Fixed Pricing which is where the rental price is set by you. However, this option offers much less flexibility and makes it harder to keep up with market trends and customer demand.

Opting into Income Maximisation is a hassle-free way to ensure your property is advertised at the best price all year round. It also helps to fill up your calendar with bookings where there would normally be less demand, which is a great way to secure bookings in the quieter winter months.

Tips to Boost your Holiday Let Revenue

When partnered with various property options i.e short breaks, pets, hot tubs, strong wifi and log burners to guests, this popular way of pricing can offer our owners the chance to earn much more than their standard rental price.

Sustainable Holiday Letting

Our guests are now more sustainable conscious than ever, so consider how to make eco-friendly choices for your holiday home. Not only can it help save the environment, but may also help drive your holiday let bookings due to increasing popular consumer demand.

Why not invest in energy-efficient appliances and smart technology, such as a Hive. Timer-controlled devices can also help if you are remotely managing your holiday let.

Multiple Bookings Per Week

Visitors demands are changing and research shows many guests now want the flexibility to go away any day of the week to increase more breaks throughout the year. Accepting more than one booking in any given week may help generate the most profits from your holiday let business. Our Holiday Letting Outlook Report reveals that offering flexible short breaks can generate 29% more bookings each year.

Setting up a Google Business Profile can also be a great way to increase exposure and boost the booking potential of your property.

Call us on 015394 88855 for a chat about how this system might work for you. Alternatively, complete the form below to request contact from our team, including a copy of our FREE Owner Guide.