10 Simple ways to maximise income from your Airbnb
The appeal of an Airbnb - the freedom, the flexibility, and the potential for a great return - is undeniable.
To turn your Airbnb into a thriving income stream, you need a strategic approach to maximise your return on investment (ROI). We’re diving into simple strategies that will boost the ROI from your holiday let.
1. Flexible stays are your friend
While one or two-week bookings are fantastic, in peak season it’s beneficial to embrace the flexibility of shorter stays that cater to mid-week, weekend, and last minute breaks. Filling those gaps in your calendar will only attract more guests, maximising your income.
2. Cater to your ideal guest
Know who your target market is? Families, or couples perhaps? Whoever your ideal guest is, make sure your property is well-equipped with the amenities they need. This can make all the difference to your guests and their stay, leading to your holiday let receiving 5* reviews which will translate into bookings for you long-term!
3. Unlock the power of pets
A big selling point of holiday lets is guests being allowed to bring their furry friends! Being pet-friendly can open up your Airbnb to a wider market, only improving your occupancy rate and passive income. We recommend the terms and conditions of letting your property have clear set pet guidelines, and a small fee to cover the cost of any additional cleaning that may be required.
4. Showcase your property with professional photography
Investing in professional photos that showcase your holiday let in its best light, will help to set your Airbnb apart from the rest.
5. Make sure you have standout USPs
Whether it is a beautiful view, its proximity to the city centre, or some facilities that make your property stand out, such as a hot tub, promoting your property's USPs help to give you the edge over the competition.
As specialists in holiday let management, we understand implementing these strategies can turn into a full time job. You may not have the time or the desire to dedicate to managing your holiday let 24/7, and that’s where we come in.
Our end-to-end service means we take care of everything for you, from listing your property online on sites such as Booking.com, to cleaning and maintenance, and guest communication to ensure they enjoy a 5-star stay. You will get back valuable time, all while we help to maximise your income and the ROI from your holiday let.
Get in touch with our team today to discuss maximising your holiday let’s ROI.
