Stop Trying To Get 100% Occupancy In Your Airbnb!

Dave Cordner Jun 13, 20240m 43s243 viewsScore 75
Pricing & Profitability
intermediate
Occupancy
Pricing Strategy
Revenue Management
Profitability
M

Summary

AI-generated

The video discusses the importance of maximizing the rates in your short-term rental (STR) rather than focusing solely on achieving 100% occupancy. Initially, the speaker focused on achieving 100% occupancy by lowering rates and offering single-night stays, but discovered the STR was not as profitable. The video emphasizes that aiming for around 85% occupancy is acceptable and helps maximize overall profit.

Key insights

  • Maximizing rates is the priority, not 100% occupancy.

Mistakes to avoid

  • Don't be obsessed with achieving 100% occupancy, as it can lead to lowering rates unnecessarily and decreasing overall profitability.

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