Travel Sites, Airbnb Get Boost In Domestic Short-Term Rental Bookings - PYMNTS.com
Summary
This article discusses an increase in domestic short-term rental bookings on travel sites and Airbnb. Hosts should pay attention to this trend as it indicates rising demand, potentially impacting pricing and occupancy.
Key Insights
- •Travel sites and Airbnb are experiencing a boost in domestic short-term rental bookings.
Action Items
- ✓Review your pricing strategy to capitalize on increased demand. Consider adjusting your ADR based on current market trends and occupancy levels.Effort: lowImpact: medium
Tools & Resources
- →Airbnb: Keep an eye on OTA performance and market data to inform pricing decisions.(airbnb.com)
More from Pricing & Profitability
This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.
Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.
Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.
Curated by Learn STR by GoStudioM