Investing in Airbnb in Ivory Coast
Summary
This article discusses an investment opportunity in Airbnb in the Ivory Coast, highlighting the potential benefits of investing in a country with less regulation than other markets. It also touches on revenue management strategies, offering insights into pricing routines, understanding booking behavior, and the importance of adapting to market changes.
Key Insights
- •Early bookings can indicate underpricing or upcoming events that require price adjustments.
- •The Ivory Coast is experiencing fast economic growth and urbanization, creating opportunities for Airbnb investment.
- •STR pricing is significantly harder than hotel pricing due to product uniqueness and operational constraints.
Action Items
- ✓Review booking data regularly to identify pricing and demand signals.Effort: lowImpact: medium
- ✓Pay close attention to booking windows and pacing strategies when setting your prices.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: The article mentions Freewyld Foundry.
- →Get Paid For Your Pad: The article mentions Get Paid For Your Pad, with links to subscribe via iTunes and Stitcher.
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