8 Ways to Generate More Revenue on Airbnb
As an Airbnb host, you want to make sure that you're doing everything possible to generate more revenue. It is essential to consider ways in which you can make your Airbnb property more attractive to potential guests.
Here are eight ways to generate more revenue on Airbnb:
1. Keep Your Airbnb Listing Current
Everybody likes fresh and new trends, the same goes for Airbnb listings. Keeping your Airbnb listing updated with new photos, videos, and descriptions will help attract new guests and keep your existing ones coming back.
You should also make sure to keep your pricing up to date. Dynamic pricing tools such as PriceLabs or Beyond Pricing are an amazing way to ensure your nightly rates are updated in based on the demand, but you should also manually check your prices from time to time to ensure they are competitive.
2. Respond to All Inquiries
Customer service is the main concern for anyone looking to rent out a property on Airbnb. Because of this, you must respond to all inquiries promptly and professionally.
An easy way to do this is to set up an automatic response system that will send a message to guests as soon as they inquire about your listing. This way, you can ensure that all guests feel welcome and get the information they need in a timely fashion.
3. Send a Personal Welcome Message
Personalization in businesses is getting increasingly important, and Airbnb hosts should take advantage of this trend.
One way to do this is to send a personal welcome message to every guest who books a stay at your Airbnb. This personal touch will go a long way in making your guests feel special and appreciated, and it may even encourage them to leave a positive review of your listing.
4. Offer Discounts for Longer Stays - No Vacant Days
If you're looking to generate more revenue, one of the best ways to do it is by offering discounts for longer stays. This will encourage guests to book a longer stay at your Airbnb, which will generate more revenue for you.
You can offer a discount for stays of 7 days or more or tailor your discounts to specific periods (such as during the off-season).
5. Update Your Calendar Regularly
Airbnb's search algorithm considers several factors when ranking listings, one of which is calendar availability. This means that if you want your listing to be seen by more people, you need to make sure that your calendar is up to date.
By regularly updating your calendar, you can ensure that your listing is being seen by as many people as possible, which will generate more revenue.
6. Increase Your Rates Slowly over Time
Don't get stuck in the same Airbnb rental rate! As time goes on, your costs will likely increase while your Airbnb income remains the same.
In order to keep up with your costs and generate more revenue, it is important to increase your rates over time slowly. By doing this, you can make sure that your Airbnb income is keeping up with your costs, and you can even generate a bit of extra revenue.
7. Get Your Guests Talking About You
Word of mouth or something else?
No matter what business you're in, getting your customers to talk about you is a surefire way to generate more revenue. And Airbnb hosts are no exception.
There are several ways to get your guests talking about you, but one of the best is asking them to leave a review of your listing simply. Asking for reviews can be as simple as sending a follow-up email after their stay, or you can even include a review request in your Airbnb welcome message.
Another great way to get your guests talking about you is to offer them a discount on their next stay if they leave a review of your listing. This is a great way to encourage positive reviews and may even convince guests to book another stay at your Airbnb.
8. Use Instant Book Feature
The Airbnb Instant Book feature is a great way to generate more revenue. This feature allows guests to book your listing without waiting for you to confirm their reservation.
This is great for guests because it allows them to book their stay without worrying about whether or not you'll be able to confirm their reservation. And it's great for you because it means you're more likely to get bookings and thus generate more revenue.
A Professional Airbnb Management Company Can Help
As an investor, you want to make the Airbnb rental process as easy and effortless as possible so you can focus on other important things like finding more properties, building your portfolio, and generating more revenue.
That's where an Airbnb management company like Desired Stays comes in.
We offer a comprehensive suite of Airbnb rental services designed to make your life easier and help you generate more revenue.
To learn about our Airbnb rental services, contact us today!