Airbnb Occupancy means nothing

Dave Cordner Jul 16, 20240m 43s98 viewsScore 75
Pricing & Profitability
intermediate
Occupancy
Pricing Strategy
Revenue Management
Profitability
M

Summary

AI-generated

Dave Cordner discusses how focusing solely on high occupancy can be a mistake for short-term rental hosts. Lowering prices and offering one-night stays to reach 100% occupancy might lead to less profitable bookings. He suggests that aiming for around 85% occupancy allows hosts to maximize rates and overall profit.

Key insights

  • Focusing only on achieving 100% occupancy can lead to less profitable bookings by reducing rates and accepting undesirable stays.

Mistakes to avoid

  • Don't only focus on filling up the calendar. Lowering rates for marginal gains in occupancy can decrease profitability.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial