2024 Airbnb/VRBO Gross and Net Revenue numbers Raw and Unfiltered!
Summary
AI-generatedThis video provides an unfiltered look at 2024 short-term rental revenue for three cabins in the Smoky Mountains. Hosts can learn how gross and net revenue performed, strategies used to increase bookings and rates, and potential cost-saving measures for the upcoming year.
Key insights
In 2024, one two-bedroom cabin ('Whispering Woods') generated $71,680 in gross revenue (a 6% increase from 2023) and $27,142 in net revenue (a 71.6% increase), attributed to improved photography and becoming pet-friendly.
Mistakes to avoid
Relying on outdated listing photos can hinder bookings and prevent hosts from achieving desired rates, as seen with the 'Whispering Woods' cabin before updates.
Tools & resources
Professional Photographyservice
Professional photography services, like those provided by Mike Sutton in the Smoky Mountains, can significantly improve listing appeal and booking rates.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial