Change These Discounts NOW
Summary
AI-generatedThis video explains how to leverage length-of-stay discounts on Airbnb and VRBO to attract a wider range of guests and increase bookings. It emphasizes understanding consumer types and adjusting pricing strategies to maximize occupancy and revenue, especially during slower seasons.
Key insights
By offering varied length-of-stay discounts, hosts can attract diverse guests like travel nurses (monthly), contract workers (weeks), families (short stays), and weekend-only travelers.
Mistakes to avoid
Using generic, low discounts (e.g., 10-15% off for weekly/monthly stays) is often insufficient and off-base for most markets, failing to attract desired bookings.
Tools & resources
Wheelhousetool
Wheelhouse is a tool that can provide market data for competitive nightly rates and assist with automated pricing strategies.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial