It's a great time to revisit VRBO and Booking!
Summary
AI-generatedAirbnb is changing its fee structure to 15.5% for most hosts using a property management software, while Brazil is charged 16%. The speaker argues that simply raising prices by 15.5% is not the optimal strategy because competitors who do not raise their prices will sell more nights. Instead, hosts should consider property management software that does not charge the fee.
Key insights
Simply raising prices by 15.5% to cover Airbnb's fee increase might not work because competitors who don't raise prices will sell more nights.
Mistakes to avoid
Don't automatically raise your prices by 15.5% without considering competitors' actions and the potential impact on occupancy.
Tools & resources
All-In-One Guide Profitable Properties: Airbnb Insider Secretsbook
Book discussing Airbnb strategies.
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial