TravelNet Solutions has unveiled enhancements and extensions to its flagship product for the short-term rental industry, Track Property Management System.
These new features include Payments, Reviews Management and Distribution Engine tools, the Minnesota-based software solutions provider said in a Sunday (Oct. 22) press release.
Track Payments, a new payment-processing solution, is set to launch in early 2024, according to the release. Currently, Track customers rely on third-party payment portals, leading to separate contracts and slow or confusing processes. With Track Payments integrated into the Track platform, users will have enhanced control and a centralized dashboard to monitor credit activity in real-time.
The Reviews Management feature streamlines the process of reading and responding to guest reviews, the release said. This feature aggregates all reviews into one user-friendly interface within the Track platform, eliminating the need for property managers to navigate different logins and interfaces across various channels.
The Distribution Engine, an add-on for Track that simplifies the distribution of rental listings across various channels, including Airbnb and Vrbo, consolidates listing management into a single dashboard, eliminating the need for multiple logins. Time-saving features such as bulk operations and access to a dedicated team of distribution experts will help property managers optimize their channel performance.
The company’s partnership with Texas-based investment firm Blue Star Innovation Partners has enabled TravelNet Solutions to accelerate product development, expand its workforce and pursue its market goals more aggressively.
TravelNet Solutions CEO and Co-Founder Ryan Bailey said in the release: “In the end, it comes down to building a sales engine that can scale and drive more bookings.”
The latest additions to Track Property Management System join the company’s other integrated software and marketing solutions that are built to equip vacation rental companies with the necessary tools to thrive in the digital era, per the release.
PYMNTS Intelligence has found that automation can alleviate the hospitality industry’s labor shortages by augmenting or replacing key roles. Seventy percent of hotel operators plan to add, upgrade or change their property management systems in the coming year, according to “Can Automation Solve Labor Shortages in the Hospitality Sector?,” a PYMNTS and LS Retail collaboration.
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