Airbnb’s 15.5% Fee Change: What Hosts Must Do Now
Summary
This episode of "Get Paid for Your Pad" discusses Airbnb's new 15.5% host fee and its implications. Hosts need to understand how this change affects their payouts and adjust their pricing strategies to maintain profitability. The episode provides insights on markups, fee adjustments, and consistent pricing across OTAs.
Key Insights
- •Airbnb has introduced a new 15.5% host fee, which impacts host payouts.
- •Small miscalculations in PMS markups can quietly drain six figures.
Action Items
- ✓Adjust cleaning, pet, and resort fees to avoid losses.Effort: lowImpact: medium
- ✓Calculate the correct markup to stay revenue-neutral after the fee change.Effort: lowImpact: medium
Tools & Resources
- →Freewyld: Freewyld's tool can help calculate the right markup.(https://www.freewyldfoundry.com/report)
Common Mistakes
- ⚠Small miscalculations in PMS markups can lead to significant financial losses.
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