The Hottest Places to Invest in Property for the Short-Term Rental Market in 2022
Summary
This article discusses the importance of location when investing in short-term rentals and highlights strategies for revenue management. It emphasizes the need to avoid the top Airbnb markets and provides insights on how to assess properties' long-term scalability. The content also delves into the differences between hotel and STR revenue management.
Key Insights
- •The article suggests avoiding the top Airbnb markets when investing, as these markets might not offer the best return.
- •STR pricing is dramatically harder than hotel pricing, due to product uniqueness and hyper-fragmented demand curves.
- •The article highlights that most STR operators make the biggest revenue mistake, not with their pricing tool, but the lack of a daily and weekly pricing routine.
Action Items
- ✓Establish a daily and weekly pricing routine for your STRs.Effort: lowImpact: medium
- ✓Review pacing weekly using Market Penetration Index (MPI).Effort: lowImpact: medium
- ✓Review bookings daily to identify pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Hostaway: Hostaway is an all-in-one vacation rental software solution.
- →Freewyld Foundry: Freewyld Foundry is a resource mentioned.(https://www.freewyldfoundry.com/report)
Related Videos
More from Pricing & Profitability
Philadelphia homeowners are turning to Airbnb, anticipating a surge in bookings driven by the upcoming World Cup. This trend is expected to boost occupancy rates and provide opportunities for hosts, especially during the summer. Hosts should prepare for increased demand by optimizing their listings and adjusting pricing strategies to maximize revenue during this peak season.
Philadelphia homeowners are anticipating a surge in summer bookings driven by the 2026 World Cup, sparking interest in short-term rentals on platforms like Airbnb. This increased demand is projected to boost occupancy and revenue for local hosts. Property owners are advised to prepare listings and pricing strategies for the influx of visitors.
Airbnb has launched a calculator to help hosts in Kansas City estimate potential earnings during the 2026 World Cup. The tool aims to provide hosts with data-driven insights for pricing their properties and maximizing revenue. This launch highlights the platform's efforts to support hosts in high-demand events.
Curated by Learn STR by GoStudioM