Technology Solutions for Serviced Accommodation Management in the UK

Rent to serviced accommodation (or R2SA) is a model where a landlord or property owner leases their property to a serviced accommodation investor, who then manages the property as a short-term rental for guests. 

In recent years, technology solutions have become increasingly important for the efficient management of serviced accommodation businesses in the UK. 

These tools and platforms can help streamline operations, reduce costs, and enhance the guest experience. For instance, a property management system (PMS) can help operators to automate and streamline their booking management, guest communication, and financial reporting. Similarly, revenue management tools can help operators to optimize their pricing strategy and maximize their revenue. These tools use algorithms and data analysis to predict demand and adjust pricing in real-time, based on factors such as seasonality, occupancy rates, and local events. In this blog, we will examine some of the latest technology solutions for serviced accommodation management in the UK. 

Property Management Systems (PMS)

Property management systems (PMS) are software platforms designed to automate and streamline day-to-day operations of serviced accommodation businesses. These systems typically include features such as booking management, guest communication, housekeeping scheduling, and financial reporting. Popular PMS platforms in the UK include Kigo, BookingSync, and Hostaway.

Channel Managers

Channel managers are tools that allow serviced accommodation businesses to manage their listings across multiple online booking channels, such as Airbnb, Booking.com, and Expedia. These platforms help to centralize bookings, reduce the risk of overbooking, and improve the efficiency of managing multiple listings. Popular channel managers in the UK include Beds24, MyAllocator, and SiteMinder. 

Smart Locks

Smart locks are keyless entry systems that allow guests to access serviced accommodation properties using a digital code or smartphone app. These systems can help to streamline the check-in process, reduce the need for key exchanges, and improve security. Popular smart lock providers in the UK include Yale, August, and Igloo home.