On March 1, the vacation rental business of DRListings joined Caribe Stays. One month later, I wanted to give an update on how things are going. We have had quite a few accomplishments, but here are our top five:
1. People First - Caribe Corp has added 16 new full-time employees to provide the level of service that our guests and owners deserve. This brings our staff to a total of 27 employees. Our most senior staff have been promoted to supervisory positions to train and manage. We work together as a team, but as an owner, you have a single point of contact, Ray, who is your Owner Concierge.
2. Fees - With our scale, we have negotiated to reduce what we pay to our channel partners and credit card processors. Our credit card fee was reduced 34% to save 1.5% on every international transaction. Airbnb’s fee was lowered 25%, Booking.com down 17% and Expedia was reduced 34%.