dormakaba launches online ROI calculator for vacation rental industry

dormakaba has launched its online ROI calculator for the vacation rental industry. Designed for vacation rental managers and homeowners, the tool estimates the potential return on investment delivered by transitioning from physical keys to keyless access control. 

dormakaba’s keyless access control ROI calculator is easy to use. Vacation rental owners and property managers simply enter their estimated number of annual guests, locks, employees and wages per hour to determine the savings in labor costs and operating expenses associated with lost keys and rekeying. The tool totals a company’s potential monthly and yearly savings and sends an email with detailed results and suggestions. 

According to the 2018 Associated Locksmith of America (ALOA) Pricing Survey, it costs an average of $67 for a commercial service call to rekey a mechanical door lock. dormakaba’s Oracode keyless access locks are an easy-to-use, secure web-based access system that utilizes time-sensitive codes to manage and record home access.

"Keyless access locks can reduce labor costs associated with front desk personnel and eliminate locksmith rekeying expenses. This savings goes straight to the bottom line," said Stephen Pollack, dormakaba vice president of marketing. “Our online ROI Calculator shows vacation rental managers and owners how much money they can potentially save by simply upgrading their locks.”

Oracode keyless access locks have proven durability to last an average of seven years. Oracode is an intelligent, electronic access control system that provides keyless access for temporary users like maintenance and housekeeping contractors, as well as vacation renters, timeshare owners and corporate housing tenants. By employing a time and date-specific code, Oracode eliminates keys and time-consuming access supervision by property staff.

“Guest safety and unit security are important,” Pollack said. “So is ease of use and flexible access for housekeepers and contractors. We created the ROI Calculator to provide managers and owners with an educational resource on how keyless access control can benefit their overall business and improve their bottom line.”