Short-term rental business is not easy. To be successful, you need to achieve perfection in many disciplines. The 80-20 Pareto principle works well in our industry. Let’s focus on the areas that yield 80% of results.
Making more money on Airbnb is a mix of three things:
- Increasing the occupancy rate.
- Increasing revenue per night.
- Reducing operating costs.
It’s not one without the other; instead, it’s a balance of all three.
So, your goal is to improve your metrics on all three fronts, and below, we’re going to show you how.