ARTICLE SUMMARY
In this article, we talk about what defines a good or bad occupancy rate (it depends), how to decide if improving your occupancy rate is the right strategic move for you, and how to do it.
FAQs
17 Data-Driven Steps to Increase Occupancy Rate on Airbnb? ›
Calculate the Occupancy Rate: Divide the total number of reserved days by the total number of available days, then multiply the result by 100 to convert it into a percentage. These steps represent AirDNA's version of an Airbnb occupancy rate calculator.
How to increase occupancy rates on Airbnb? ›Top strategies to increase your Airbnb occupancy rate
- Set competitive pricing. ...
- Improve your listing quality with compelling descriptions and high-quality photos. ...
- Enhance guest communication. ...
- Utilise social media and promotional tactics. ...
- Leverage guest reviews.
May 6, 2024
How to check Airbnb occupancy rate
- To gain access to occupancy rate data you need to activate the 'Professional hosting tools' feature (if you aren't using it already). ...
- Once you've turned the feature on, go to the top menu and click 'Host' > 'Performance'.
Nov 29, 2023
Fill your place faster
- Let your listing description sparkle with high-quality photos.
- Show you've got what guests want.
- Maximize your time with hosting tools and by troubleshooting.
- Make booking easier with Instant Book, pre-approvals, or special offers.
- Use guest reviews to improve your listing.
- Get tips for the off-season.
Calculate the Occupancy Rate: Divide the total number of reserved days by the total number of available days, then multiply the result by 100 to convert it into a percentage. These steps represent AirDNA's version of an Airbnb occupancy rate calculator.
How do I maximize my Airbnb algorithm? ›7 Steps to Rank Higher in the Airbnb Search Results
- Complete Your Listing. ...
- Take High-Quality Photos. ...
- Optimize Your Listing's Title and Description. ...
- Turn On Instant Book. ...
- Use Dynamic Pricing. ...
- Add Popular Amenities. ...
- Get More 5-Star Reviews.
Jun 7, 2024
6 Tips for Maximizing Occupancy
- Target the right market. This is pretty obvious advice but finding your market and targeting it is the most essential step for making bookings. ...
- Offer something special. ...
- Promote your location. ...
- Take advantage of local events. ...
- Collaborate with locals. ...
- Be inclusive.
To determine the percentage of rooms occupied during a specific period, you can use the following formula for the occupancy rate: Take the number of occupied rooms, divide it by the total number of rooms, and then multiply by 100.
Where is the highest occupancy rate for Airbnb? ›10 Cities with the Highest Occupancy Rates
Based on AirDNA data, the highest Airbnb occupancy rate per city in 2024 is found in: Kauai, HI: 74.4% Oahu, HI: 73.4% Maui, HI: 72.4%
How does AirDNA calculate occupancy rate? Occupancy rate is calculated by dividing the number of reserved days by the total number of available days in the month for a property. Listings with no reservations are excluded.
How do I get up on Airbnb algorithm? ›
9 Tactics for Ranking Higher on Airbnb
- Update your calendar.
- Avoid cancellations.
- Respond quickly.
- Get positive reviews.
- Keep your descriptions up-to-date.
- Offer competitive rates.
- Login everyday.
- Activate Instant Booking.
The algorithm assesses many characteristics to evaluate listing and trip quality, including the listing photos, ratings and reviews, listing characteristics and amenities, and customer service and cancellation information. Higher quality listings with better ratings and reviews tend to rank higher in search.
What adds the most value to an Airbnb? ›Painting walls and cabinets is a sure way to give your house an appealing look and add more value to your Airbnb rental.
How to boost Airbnb occupancy? ›8 Ways to Increase Your Airbnb Occupancy Rate
- List on Multiple Sites. ...
- Use High-Quality Photos. ...
- Provide a Unique and Accurate Listing Description. ...
- Enable Instant Booking. ...
- Use Dynamic Pricing. ...
- Up Your Marketing Game. ...
- Generate Positive Reviews from Guests. ...
- Automate Your Business.
Dec 1, 2023
What is BNB Formula? BNB Formula is an online training program designed by Brian Page. It focuses on teaching individuals how to build a profitable short-term rental business using Airbnb without actually owning any property.
Is AirDNA accurate? ›In reporting the active supply of vacation rentals, CBRE found AirDNA data to be 97.5% accurate. For the revenue earned by short-term rental hosts, 96.2% accurate. Time and time again, AirDNA data is corroborated by partners like CBRE all around the world.
How do I get more tenants on Airbnb? ›How to Get More Renters: 13 Ways to Optimize Your Airbnb Listings
- Start with the right property. ...
- Give it a name. ...
- Take great pictures. ...
- Focus on the description. ...
- List specific amenities. ...
- Be clear on the price. ...
- Respond promptly. ...
- Be flexible.
To climb up the search results, focus on quality by keeping your guests happy, responding quickly, and avoiding cancellations. Popularity can be boosted with competitive pricing and eye-catching photos. Make sure your host profile is complete and consider using Instant Book to attract more guests.
How do I make my Airbnb worth more? ›Let's take a look at 7 clever ways to increase your Airbnb revenue.
- Rent Out Extra Storage Space. ...
- Rent Out Extra Parking. ...
- Make Use of a Large Yard or Acreage. ...
- Provide Pet-friendly Accommodations. ...
- Craft Unique Airbnb Experiences. ...
- Optimize Property Features and Amenities. ...
- Become an Airbnb Consultant.
How do I rank higher on Airbnb?
- Offering competitive prices.
- Receiving more 5-star reviews.
- Providing high-quality pictures of their accommodations.
- Maintaining a high response rate.
- Having a flexible cancellation policy.
- Taking advantage of the listing description section.
- Achieving superhost status.