Airbnb Custom Promotions: Boost Revenue Without Lowering Prices
Summary
This article discusses Airbnb's custom promotions and revenue management strategies. It explains how to use visible offers and merchandising tools to boost revenue without lowering prices and outlines routines for daily and weekly pricing reviews. Hosts should focus on utilizing these strategies and routines for better booking conversions and revenue optimization.
Key Insights
- •Visible discounts drive more conversions than silent price drops.
- •Consistent routines in revenue management matter more than any single pricing rule.
Action Items
- ✓Set up promotions that work on Airbnb.Effort: mediumImpact: medium
- ✓Follow a daily and weekly pricing routine.Effort: mediumImpact: high
Tools & Resources
- →Freewyld Foundry Revenue Review: Apply for a Free Revenue Review: https://www.freewyldfoundry.com/get-started(https://www.freewyldfoundry.com/get-started)
- →Freewyld Foundry Revenue Review: Get a Free Revenue Review: https://www.freewyldfoundry.com/report(https://www.freewyldfoundry.com/report)
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