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Abridged version Holiday Rental Industry Update and Trends Abridged version

Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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Page 1: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

Holiday Rental Industry

Update and Trends

Abridged version

Page 2: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

2

1. Welcome and background

2. The Australian holiday rental market

3. Trends in Australia and overseas

4. Future travel trends

5. The Stayz Group plans

Agenda

Page 3: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

3

1. Welcome and background

2. The Australian holiday rental market

3. Trends in Australia and overseas

4. Future travel trends

5. The Stayz Group plans

Agenda

Page 4: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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4

You are sitting with a broad

range of people today...

>210 participants

27.6%

4.5%

60.4%

7.5%

OtherReal estate

agent

Multiple

properties

Single

property1-2 yrs<1 y 2-5 yrs 5-10 yrs

36.0%

>10 yrs

20.8%19.2%

20.8%

3.2%

By role By length of time with Stayz

Source: Stayz

Page 5: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

5

Objectives of the Summit

To enhance and grow your holiday rental business

To allow you to interact with industry experts, the

Stayz Team, and each other!

Inaugural Stayz Group Holiday Rental Awards

1

2

3New

Page 6: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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6

Professional/exec/metro

$

Families/leisure/regional

$$

The Stayz Group has three

distinct brand offerings

Page 7: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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7

The Stayz Group community

100 *

* FY12 Stayz Group Internet stats (accepted booking nights – does not include bookings made with subscription clients)

Holiday options

Page 8: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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8

What sets the Stayz Group

apart?

Source: *Nielsen market intelligence August 2011; **Stayz internal statistics FY12; ^Stayz internal statistics 2011

30,000+Facebook followers

800,000+Newsletter subscribers

holidaymakers browseeach month

4,200,000**

Page 9: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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9

Celebrating 10 years of

Stayz.com.au

Note: Stayz figures (does not include Rent-a-Home and Take-a-Break)Source: *Stayz internal Statistics. Comparison between 2006 to 2012; **Nielsen Online Ratings / Jan 2012, Travel; *** Stayz Internal Statistics, February 2012 Database; ^ Consumer Research 2011; ^^ Google Analytics, February 2012

Page 10: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

10

1. Welcome and background

2. The Australian holiday rental market

3. Trends in Australia and overseas

4. Future travel trends

5. The Stayz Group plans

Agenda

Page 11: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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11

*Hotels, Motels, Guesthouses, and Serviced ApartmentsSource: Stayz analysis based on TRA data

Tourism accommodation is a

large industry, but with slow

growth

78 77 77 81 80 81 78 80 8172 74 73 74

106

25

2004

102

23

2003

102

21

2002

99

22 28

106 109

2007

28

109

29

20062005

100

22

99

2001

22

2000 2008

25

-11%

2010

24

9898

24

2011

25

97

2012e

+0.5%+1.1%

97

2009

InboundDomestic

Australian tourism market(Mill. Visitor nights in HMGSA*, FY2000-FY2012e, Australia)

Financial crash

• Three quarters of

Australian visitor nights

are domestic

• Long term trend of

tourist accommodation

is flat

• Financial crisis set a

new normal in the

Australian market

Page 12: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

12

1. Welcome and background

2. The Australian holiday rental market

3. Trends in Australia and overseas

4. Future travel trends

5. The Stayz Group plans

Agenda

Page 13: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

13

• The external environment has served up a tough couple of

years

• Three key Technology trends offer significant opportunity

1. Mobile

2. Payments (and path to instant bookings)

3. Social sharing

There is good and bad news when

looking at trends impacting our industry

Page 14: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

14

The last two years have suffered the 2nd

highest and 3rd highest rainfall since 1900

1 Poor weather

2Strong Australian Dollar

3Restrained consumer sentiment

4Increase in international travel

Annual rainfall – Australia (mm, 1900-2011)

Source: Australian Bureau of Meteorology

Page 15: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

15

Only the south-western areas

have been spared

1 Poor weather

2Strong Australian Dollar

3Restrained consumer sentiment

4Increase in international travel

Rainfall anomalies in the last two years (mm, FY2011-FY2012)

Source: Australian Bureau of Meteorology

Page 16: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

16

The last two years have had the

highest $AU since at least 1999

1 Poor weather

2Strong Australian Dollar

3Restrained consumer sentiment

4Increase in international travel

Currency conversion from $AU to $US (1999-2012)

Source: Yahoo!7 Inc.

Page 17: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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17

Consumer confidence has taken

a further hit since 2010

1 Poor weather

2Strong Australian Dollar

3Restrained consumer sentiment

4Increase in international travel

9897

115

Jul-12Jul-11Jul-10

-15%

Westpac NSW Consumer Sentiment Index (Jul2010-Jul2012)

Source: Westpac Bank

Page 18: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

18

Outbound holidays have more

than doubled since 2004

1 Poor weather

2Strong Australian Dollar

3Restrained consumer sentiment

4Increase in international travel

5

10

+104%

0

20092007 20082006 2012e2005 2010 201120042003200220012000

Outbound visitors (mm visitors, FY2000-FY2012e)

Source: TRA

Page 19: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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19

iPod changed the music industry,

iPhones ramped even faster,

iPad growth is 3x faster than iPhone

Source: Mary Meeker KPCB presentation May 2012 http://www.businessinsider.com/mary-meekers-latest-incredibly-insightful-presentation-about-the-state-of-the-web-2012-5

Page 20: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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20

In the US, the desktop PC is no

longer the main computer45% of web browsing is done on the iPad. Adding in SmartPhones,

60% of web surfing is done away from a traditional computer.

Source: Business Insider Ipad Usage Survey 2012 07 (sample of 2000 readers) http://www.businessinsider.com/ipad-usage-survey-results-2012-7?op=1#ixzz22CFIBxrs

Page 21: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

21

Fairfax’s Australian Audience are

strong users of mobile for Travel

53%

26%

and/or

49%

use their smartphone /

tablet for travel research

27%

booked a flight or

accommodation on their smartphone /

tablet

61% of Fairfax Metro’s

travel audience have a

smartphone or tablet

Source; GfK Blue Moon SMH/AGE Travel Survey, May 2012

Mobile presence of Fairfax Metro travel audience

Page 22: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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22

• CBA has more than 6.5 million internet

customers and 2 million mobile phone

customers using its mobile banking app.

• Two years ago just 2% of CBA consumer

transactions were through a mobile

device - now that figure is nearly 40%

• CBA expects to launch an app enabling

payment to friends via Facebook in Dec

this year

Consumers are beginning to expect the

ability to pay online/mobile

Page 23: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

23

Stayz Online Payments system

transactions mirror the trends

+100%

FY11 FY12

Page 24: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

24

1. Welcome and background

2. The Australian holiday rental market

3. Trends in Australia and overseas

4. Future travel trends

5. The Stayz Group plans

Agenda

Page 25: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

Abridged version

25

1. Welcome and background

2. The Australian holiday rental market

3. Trends in Australia and overseas

4. Future travel trends

5. The Stayz Group plans

Agenda

Page 26: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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26

� Stayz Charity Auction – raised $40,000 – thanks to you

� Facebook site – 31,000 fans 200% incr YOY

� Get-Together Daily Deals

Here is just a sample of some key

marketing initiatives in the last year

Page 27: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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27

A focus on property listing detail

drives more enquiries & bookings

Source: Stayz analysis

Booking nights per property(FY2012, Stayz properties)

Enq

uiry

nig

hts

per

prop

erty

(FY

2012

, Sta

yz p

rope

rtie

s)

� Located near adventure sports� Spa Baths & Relaxing Health Style� Facilities for corporate groups� Bed and Breakfast� Suitable for large groups� Cottage/Lodge/Villa� Suitable for weddings� Gay friendly accommodation� Under $80 per night� Suitable for family groups

� Located near a beach� Specialising in weekend accomm.� For couples (romantic location)� Located near natural beauty� Executive class accommodation� Good for short-term rentals

Properties displaying specific features

Num. of properties

Page 28: Holiday Rental Industry Update and Trends - Stayz.com.au · PDF fileInaugural Stayz Group Holiday Rental Awards 1 2 N 3 e w. ... Enquiry nights per property (FY2012, ... ation Later

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28

There are a number of ways to

improve your booking conversion

Source: Stayz

Con

vers

ion

rate

(FY

2012

, Sta

yz p

rope

rtie

s)

1Go for online payment 2

Always display your price 3

Chase Guest Rating… 4

… and Guest recommendation

+8%

SOPSNon-SOPS Price

not displ

ayed

+169%

Price

displaye

d

None

at all

+80%

Any

Guest Rat

ing

+85%

None

at all

Any Recommend

ation

Later sessions go into the detail