How to Setup Eye-Catching Airbnbs on a Budget

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Published: August 8, 2018
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Summary

This article discusses tips for setting up an eye-catching Airbnb on a budget. It emphasizes the importance of standing out from competitors by focusing on unique decor and making the most of existing items. The article also touches on revenue management strategies, and CEO-level priorities, and the differences between hotel and Airbnb revenue management.

Key Insights

  • •STR revenue management must be scheduled, not reactive.
  • •With so many listings on Airbnb, it's important to differentiate your listing. Focus on unique decor, not expensive furnishings.
  • •CEOs waste 30 to 50 percent of their time on low-value activities.
  • •STR pricing is dramatically harder than hotel pricing.

Action Items

  • ✓
    Review every booking to reveal pricing and demand signals.
    Effort: low
    Impact: medium
  • ✓
    Make the most of what you already have, including posters and drawings to set up unique and exciting Airbnb’s on a budget.
    Effort: low
    Impact: medium
  • ✓
    Identify the biggest bottleneck in your STR business.
    Effort: medium
    Impact: high

Tools & Resources

  • →
    Airbnb: The article mentions connecting with Sofia Bak's Airbnb listings.(https://www.airbnb.com/users/11993614/listings)
  • →
    Freewyld Foundry: The article references Freewyld Foundry(https://www.freewyldfoundry.com/report)

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