Cohost vs arbitrage, ROI of adding an amenity, saturated markets, theft - Short Term Rental Q&A
Summary
In a Q&A format, Lydia Patel discusses common issues and questions STR hosts have, including co-hosting vs arbitrage, analyzing ROI for amenities, avoiding saturated markets, preventing theft, and using AI tools to enhance business operations. She emphasizes the importance of market research, comprehensive contracts, and guest screening, while also recognizing limitations with existing AI tools for market analysis.
More from Hosting Operations
MakeMyTrip and Ixigo are partnering with OpenAI to integrate AI across their platforms. This collaboration aims to revolutionize the travel experience, supporting features like trip planning and booking. The integration is designed to personalize and convert inspiration into confirmed bookings, offering personalized outcomes at scale.
An Airbnb host faced an unusual guest request, uncovering a potential 'big problem' impacting their operations. Details of the odd request and the subsequent realization about its negative consequences for the host's business model are presented. Further investigation revealed a significant issue that hosts should be aware of.
This article from WDSU focuses on identifying potential scams related to spring break travel. It highlights red flags travelers should be aware of when booking accommodations, such as unrealistic prices or demands for unconventional payment methods. Knowing these potential pitfalls will help hosts and guests alike prevent fraud and ensure a safe and positive booking experience.
Curated by Learn STR by GoStudioM