Should we offer one-night stays in our Airbnbs? | The STRR Podcast #83 | Tim Hubbard

Short Term Rental RichesJun 19, 20218m 14s342 viewsScore 75
Pricing & Profitability
intermediate
one-night stays
occupancy rate
pricing strategy
housekeeping
party prevention
M

Summary

AI-generated

This video explores the pros and cons of offering one-night stays in short-term rentals. Hosts will learn how to price these stays effectively, mitigate risks like parties, and manage the impact on housekeeping operations to maximize revenue.

Key insights

  • Adding one-night stays can double housekeeping workload if they replace two-night stays, requiring careful consideration of staff capacity.

Mistakes to avoid

  • Not accounting for the full cost of housekeeping when pricing one-night stays can lead to a loss of profit, especially if the housekeeping fee is high relative to the nightly rate.

Tools & resources

  • PriceLabstool

    Pricing tools can help manage dynamic pricing and set parameters for different stay lengths, including one-night stays.

Frequently Asked Questions

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