Insight
Long-term bookings made months in advance recorded cancellation rates close to 32%.
STR listings with 3-4 night minimum stays generate higher revenue, report finds
Summary
New research shows that short-term rental listings with 3-4 night minimum stays generate significantly higher revenue than those offering single-night stays. One-bedroom listings with a four-night minimum earned nearly 35% more, and four-bedroom homes saw a 41% increase. Hosts are advised to focus on guest experience and responsiveness.
Key takeaway