Our Airbnb was EMPTY for the Superbowl...

Kylee & Steven - Short Term Rental ExpertsMar 7, 20239m 6s3.9K viewsScore 75
Pricing & Profitability
intermediate
market saturation
year-over-year data
holding vs selling
STR performance analysis
pricing strategy
M

Summary

AI-generated

Learn how to analyze your short-term rental's performance, especially in saturated markets. This video discusses year-over-year data, holding vs. selling decisions, and strategic adjustments to marketing and property features to navigate market shifts and maintain profitability.

Key insights

  • In 2022, the Scottsdale property saw a 28% dip in occupancy (148 booked nights, 40% occupancy) and a 22% dip in gross earnings ($87,425.73) compared to 2021 ($112,540.80).

Mistakes to avoid

  • Failing to re-evaluate pricing and market conditions after a last-minute cancellation can result in missed opportunities or prolonged vacancy, especially when thousands of similar properties are available.

Tools & resources

  • AirDNAtool

    AirDNA provides data on short-term rental markets, including listing numbers and growth trends.

Frequently Asked Questions

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