Using boat rentals as additional revenue stream and a unique amenity on Airbnb
Summary
This podcast episode discusses incorporating boat rentals as an additional revenue stream and amenity on Airbnb. The guest found that adding boat rentals could increase nightly rates by 10-15%. Hosts should research local regulations and prioritize safety measures when offering boat rentals.
Key Insights
- •Incorporating boat rentals can increase the nightly rate by 10-15%.
- •Jimmy found success using Facebook Marketplace to purchase boats.
Action Items
- ✓Research local regulations when offering boat rentals.Effort: mediumImpact: high
- ✓Ensure you comply with all legal requirements when offering boat rentals, including having proper insurance, requiring signed waivers, and providing life jackets.Effort: mediumImpact: high
- ✓Consider adding unique amenities that differentiate your properties from competitors.Effort: lowImpact: medium
Tools & Resources
- →GPFYP VIP SUCCESS PROGRAM: Learn more about the GPFYP VIP SUCCESS PROGRAM: https://getpaidforyourpad.com/VIP
- →Facebook Marketplace: Facebook Marketplace
Watch Out For
- ⚠Failing to comply with local regulations and legal requirements when offering boat rentals.
Related News
123
This article introduces GuestView Guide, a digital concierge for vacation rentals created by the GIS Group of Sharp NEC Display Solutions of America. This tool aims to enhance the guest experience and potentially increase revenue. Consider using digital concierge services to improve your guest experience.
The Next Chapter of Flexible Work Looks More Like Hospitality Than Real Estate
This article discusses a shift in the flexible workspace market, emphasizing hospitality over real estate. For STR hosts, this suggests the importance of providing exceptional guest experiences, such as personalized touches, to foster positive word-of-mouth and repeat bookings.
Why Travel’s Biggest Brands Are Becoming Dangerously Boring
This article discusses the trend of travel brands becoming less distinctive and more generic. While not directly about STRs, it highlights the importance of creating a unique brand identity and guest experience to stand out in a competitive market.
Why Listing Quality Breaks at Scale And How to Stop It from Draining Revenue
A recent study of Airbnb listings reveals that poor listing quality significantly impacts visibility, guest trust, and ultimately, revenue, even in professionally managed portfolios. Hosts should prioritize clear and consistent listing content across photos, descriptions, and amenities to improve their ranking and booking conversion. Consider the Listing Optimizer tool for identifying content gaps.