New Benchmark Report for the MR Industry launched

Resly

and Caatz

Management Rights Accountants have released their ground-breaking benchmark report, a joint initiative aimed at revolutionising the holiday letting industry.

The pioneering report, developed through extensive collaboration and leveraging technology, promises to provide timely insights into holiday letting fees and charges, forward and historic occupancy, and room rates specifically tailored to our industry. Traditionally, the management rights sector has faced challenges in obtaining accurate and reliable data for benchmarking purposes. Many existing solutions rely heavily on data from large hotels, which often fail to capture the nuances of the unique management rights market. The partnership between Resly and Caatz Management

Rights Accountants seeks to address this gap by introducing a comprehensive benchmarking tool that exclusively caters to the management rights industry.

The new benchmark report powered by Resly’s cuttingedge technology automates the collection of data, ensuring accurate and up-to-date information for property managers. By gathering data directly from participating properties, this solution eliminates biases and offers an unparalleled level of accuracy and relevance. Property managers can confidently rely on this report to make informed decisions regarding their fees and charges, occupancy rates, and room rates.

One of the key advantages of this benchmark report is its ability to grow and adapt as more properties opt into the system. As the number of participating properties increases, the report will become an invaluable resource for property managers and industry professionals. The data collected from a wide range of properties will paint a comprehensive picture of the market trends and dynamics, facilitating better decisionmaking and promoting healthy competition within the industry.

“We are thrilled to partner with Caatz Management Rights Accountants to launch this gamechanging benchmark report,” said Sam Steel, co-founder of Resly.

“Our shared vision is to empower property managers with accurate, industry-specific data that will drive success and growth. This collaborative effort represents a significant step forward for management rights, and we are excited to see the positive impact it will have on managers and the industry as a whole.”

The benchmark report provides a resource for property managers to access industry specific insights.

The report includes detailed analysis on fees and charges and historical comparisons on occupancy and rates.

Whether a property manager wants to evaluate their performance against industry averages, analyse seasonal trends, or benchmark their charges against similar properties, this benchmark report offers a wealth of valuable information.

Resly and Caatz Management Rights Accountants invite property managers to join this initiative. By participating in the benchmarking program, property managers will gain access to valuable insights, contributing to the collective growth and success of the industry.

To learn more about the benchmark report and how to participate, please visit www.caatz.com.au/benchmark