1Awareness
Someone starts thinking about a trip. Controlled today by: The booking platforms
The hole The platforms buy the guest's attention and keep it. Your past guests are the one audience you could own, and no tool on this list prompts them to tell anyone.
What it costs: You rent awareness from the platform on every booking. Modeled below as the referral hole.
Book Them Twice fills it with
- Referral ask and a quarterly reactivation check on past guests Book Them Twice
AI coworker
No case study yet. We have not run this stage long enough on a real property to publish a result.
2Discovery
They search and find listings. Controlled today by: Airbnb, Vrbo and Booking.com search
The hole Guests find you inside platform search, where the platform sets the ranking rules. Most PMSs let you build a direct-booking site, but nothing sends people to it or follows up with the ones who land there.
51% vs 21%
Share of US professionally managed short-term rental reservations in Q2 2026: Airbnb 51%, direct 21% (down from 25% a year earlier).
Key Data, U.S. Index Q3 2026
What it costs: Direct share fell 4 points in a year. Every point that moves to a platform pays that platform's fee (see Booking).
Book Them Twice fills it with
- Follow-up for people who land on your site: a local guide and the case for booking direct Book Them Twice
AI coworker
No case study yet. Content and search work is in development and has no result to show yet.
3Evaluation
They compare listings and ask questions. Controlled today by: Your inbox and your reviews
The hole A guest asks a real question and gets only the PMS's instant auto-reply. Review count and host responsiveness decide where you rank, and nobody checks that every question got a real answer.
What it costs: No public number for inquiries lost to silence. On one real property 3 real questions got only the auto-reply in the nine weeks before an AI coworker started reading every inquiry.
Book Them Twice fills it with
- Every inquiry captured, with a text alert to you and a 30-minute reply reminder Fill Your Nights
- Recovery emails for inquiries that stopped before booking, and quote follow-up over five days Book Them Twice
4Booking
They pay. Controlled today by: Your PMS and the platforms
The hole This is where PMS tools are strongest. The hole is the fee: every platform booking pays it, including a returning guest who already knows you.
5% + 3%
Vrbo pay-per-booking: 5% commission plus 3% payment processing. Hosts on a PMS don't pay the 3%.
Vrbo Help
What it costs: Modeled below as fee leakage on returning guests who rebook through a platform.
Book Them Twice fills it with
- Direct-booking confirmation, then the guest joins your member-rate list Book Them Twice
- Bookings and cancellations mirrored from your PMS. Your PMS keeps taking the booking. Fill Your Nights
5Experience
They stay. Controlled today by: Your PMS inbox and your team
The hole PMS inboxes handle messages well. The hole is the stakes: ratings bunch near the top, so one missed door code or unresolved problem moves a listing down.
What it costs: No dollar figure we can source for this stage. A 4.6 is below average on Airbnb.
Book Them Twice fills it with
- Door-code check three days before arrival, with an alert if the code hasn't gone out Fill Your Nights
- Party guest check-in page with Wi-Fi and the house guide Fill Your Nights
AI coworker: Guest Experience
We are testing arrival-day and mid-stay checks on a real property. The sample is too small to publish yet.
6Post-Stay
They check out. Controlled today by: Nobody, by default
The hole After checkout most tools stop. Platform rules bar you from marketing to platform guests with the contact details the platform gives you, and those details stop working. Without your own opted-in list, there is no thank-you, no anniversary and no invitation back.
CRM
Key Data tells property managers to invest in CRM campaigns and guest loyalty that convert repeat travelers into direct bookings.
Key Data, U.S. Index Q3 2026
What it costs: Modeled below as missed repeat stays from guests on your own list.
Book Them Twice fills it with
- Thank-you email the day after checkout Fill Your Nights
- Returning-guest invitations to opted-in guests, anniversary email and text, and win-back emails Fill Your Nights
7Advocacy
They tell people. Controlled today by: The platform's listing page
The hole A guest's praise builds the platform's page, not yours. Reviews go unanswered, and nobody asks happy guests for a referral.
What it costs: Modeled below as missed referral stays.
Book Them Twice fills it with
- Five-star reviews flagged with suggested replies; anything lower comes to you first Fill Your Nights
- Referral ask and quarterly reactivation Book Them Twice