EP184: This Week in the World of Airbnb

Get Paid For Your Pad
Published: September 1, 2017
Hosting Operations

Summary

This article from 2017 discusses various topics relevant to Airbnb hosts, including handling guest rule-breaking, Airbnb's initiatives to address racism and launch insider experiences, and resources for Hurricane Harvey evacuees. It also highlights how competitors are growing by targeting the higher end of the vacation rental market.

Key Insights

  • HomeAway reported 50% quarter-over-quarter revenue growth and TripAdvisor has seen listing numbers increase from 50,000 to 830,000, indicating the rapid growth of the short-term rental market and the success of competitors.
  • The short-term rental market is currently at $100B and is projected to reach $285B by 2025.

Action Items

  • Publish house rules in your listing and provide a printed copy to guests. Consider requesting a security deposit, but be aware of the process of filing a claim with Airbnb.
    Effort: low
    Impact: medium
  • Set filters for Instant Book to ensure guests meet your requirements, such as having a profile picture, confirmed email, and phone number.
    Effort: low
    Impact: medium
  • If you are uncomfortable with a guest who booked instantly, you are allowed to cancel three times per year without penalty. For the fourth time, contact Airbnb in advance of cancelling.
    Effort: low
    Impact: medium

Tools & Resources

  • Airbnb resolution tool: The article mentions Airbnb's resolution tool.(airbnb.com)

Common Mistakes

  • Failing to properly address guest rule-breaking could lead to property damage or negative reviews.

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