EP176: This Week in the World of Airbnb
Summary
This article from Get Paid For Your Pad discusses a variety of topics relevant to Airbnb hosts, including the hotel industry's negative advertising campaign, the growth of Airbnb's Chinese competitor Tujia, and the impact of the upcoming solar eclipse on bookings. Hosts should be aware of dynamic pricing strategies and consider using third-party services like Beyond Pricing to optimize their pricing.
Key Insights
- •Airbnb Smart Pricing has an incentive to keep prices low.
- •Airbnb bookings are expected to be five times higher than usual in South Carolina due to the total solar eclipse on August 21st.
Action Items
- ✓Hosts should use dynamic pricing apps to capitalize on increased demand during the solar eclipse.Effort: lowImpact: medium
- ✓Hosts should consider using a third-party service like Beyond Pricing to determine the optimal price for their listing.Effort: lowImpact: medium
Tools & Resources
- →Beyond Pricing: Use a third-party service like Beyond Pricing.
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