My Airbnb cancellation policy (it's really strict) #airbnb #airbnbbusiness #airbnbhost

Jorge Contreras | Airbnb Arbitrage Oct 31, 20220m 25s2.1K viewsScore 75
Pricing & Profitability
intermediate
Pricing Strategy
Revenue Management
Airbnb
Occupancy
M

Summary

AI-generated

The host discusses why he uses a strict cancellation policy in his Airbnb business to avoid losing revenue due to last-minute cancellations. A strict policy also encourages guests to book with the intention of not canceling.

Key insights

  • A strict cancellation policy helps avoid revenue loss from cancellations, especially when reservations are made months in advance.

Mistakes to avoid

  • Allowing lenient cancellation policies can lead to last-minute cancellations, resulting in significant revenue loss.

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