Airbnb still profitable when people stop traveling #airbnbbusiness #airbnbhost #travel

Jorge Contreras | Airbnb Arbitrage Sep 30, 20230m 22s2.2K viewsScore 70
Pricing & Profitability
intermediate
Occupancy
Profitability
Revenue Management
Pricing Strategy
M

Summary

AI-generated

Jorge explains that when traveling by plane decreased during the pandemic, the demand for nearby car travel to get out of the house increased. He used to rent out his property on the weekends for families in apartments who wanted to enjoy a house. He even stayed at an Airbnb nearby because he wanted to get out of the house.

Key insights

  • Catering to local residents who seek short-term escapes can maintain profitability even during travel downturns.

Mistakes to avoid

  • Assuming travel decline equals total loss. Local market demand can sustain your bookings.

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