EP132: This Week in the World of Airbnb

EP132: This Week in the World of Airbnb

almost 9 years agoScore: 75
Hosting Operations
Revenue Management
OTA Strategy
Guest Communication
Pricing Strategy

Summary

This "Get Paid For Your Pad" episode from 2017 discusses Airbnb's acquisition of Tilt, hinting at a move into group travel. Additionally, it highlights the ongoing debate about regulations for Airbnb versus hotels, and provides feedback for hosts regarding consistency and responsiveness. Hosts should consider the insights provided to refine their operations and pricing strategies.

Key Insights

  • Airbnb bought Tilt, a micropayment platform, suggesting a strategic move into the group travel sector.
  • Hotels are advocating for Airbnb to be subjected to the same regulations.
  • The episode also introduces insights from another episode on how to build a revenue management routine with daily and weekly pricing workflows.

Action Items

  • Hosts should consider interviewing their guests to gain feedback and identify areas for improvement.
    Effort: low
    Impact: medium
  • Hosts should be sure the information they provide guests is accurate.
    Effort: low
    Impact: medium

Tools & Resources

  • Aviva IQ: The episode is sponsored by Aviva IQ, which automates messages to Airbnb guests.

Related News

User Profile: Mountainside Treasures

This article shares the experiences of an STR host who has grown their business from a single condo to nearly 30 properties, highlighting the importance of guest service and the use of OwnerRez. The host emphasizes that delivering a good guest experience is a key factor for success, and struggles with the power of OTAs and challenging guests. Consider OwnerRez as a key tool for managing your properties.

4 days ago78

Owner Statements 2.0: Faster, Clearer and Built for Growing Portfolios

Lodgify has released Owner Statements 2.0, promising faster and clearer reporting for property managers. This update aims to cut down manual work and improve the quality of reports shared with owners.

5 days ago75

Financial firms face rising cyber risks, data challenges

This article discusses rising cyber risks and data challenges in the financial services industry, including fraud prevention using AI. While not directly about STRs, it highlights the importance of data quality, which directly impacts the effective use of AI for risk management and decision-making for STRs.

6 days ago65
Booking.com Refunds Policy: Process and Ts & Cs Explained

Booking.com Refunds Policy: Process and Ts & Cs Explained

This article from iGMS explains Booking.com's refund policies and cancellation options for hosts. It highlights the importance of choosing a cancellation policy that balances flexibility to attract bookings with financial considerations, and encourages hosts to experiment with different policies and rates to find the ideal balance.

6 days ago78