Key upgrades include the new ‘Icons’ series, introducing extraordinary experiences with unique accommodations, and enhanced functionalities for group trips such as shared wish lists and trip invitations. These features are helpful for an increasingly digital world, making the Airbnb app more essential with its new messages in a new tab and improved photo tours.

Brian Chesky, emphasizing the release, highlighted that these upgrades will bring more magic into the hosting experience and offer guests the most extraordinary experiences during their trips. Whether optimizing earnings or enhancing guest satisfaction, the Airbnb Summer Release opens new doors for hosts to discover inside worlds and succeed in a competitive market.

New Features for Hosts

Icons Series

In the 2024 Airbnb Summer Release, the new ‘Icons’ category was introduced, featuring unique stays like Shrek’s Swamp and Barbie’s Malibu Dream House. This series, part of the broader Summer Release, elevates Airbnb’s offerings beyond typical vacation rentals by creating immersive, story-driven experiences.

These are not just accommodations but gateways to memorable trips, crafted to enhance Airbnb’s brand and provide each host with distinctive properties that stand out in a competitive market. The ‘Icons’ series, with places like the Up House and Ferrari Museum, positions Airbnb as a creator of unique experiences, not merely a booking platform.

It offers hosts the opportunity to engage with guests on a deeper level, leveraging Airbnb’s marketing and iconic themes for more substantial bookings and visibility. This strategic move enriches the host’s ability to attract diverse guests looking for extraordinary experiences. For instance, guests can now join a living room session with Doja, further personalizing their stay and enhancing the connection between hosts and guests.

Enhanced Group Travel Features

In the Airbnb Summer Release, the platform introduces new features focused on enhancing group trips. Key among these is the shared wish lists function, designed to improve trip planning by allowing travelers to collaboratively select and organize preferred properties. This feature is ideal for larger groups, promoting organized and democratic decision-making.

The Airbnb app also sports revamped messaging capabilities tailored for group dynamics, including new messages with emoji reactions and AI-powered quick replies. These updates streamline interactions between guests and hosts, simplifying processes like check-in coordination and house rule discussions.

These enhancements are part of Airbnb’s strategy to expand its footprint in the group travel market, offering hosts new opportunities to attract bookings and maximize occupancy. This shift not only caters to the rising demand for group trips and accommodations but also reaffirms Airbnb’s commitment to meeting the diverse needs of today’s travelers with features like early access to the photo tour and new category details in the app.

Improved Profile and Data Collection

The Airbnb Summer Release introduces a new category focused on enhancing guest profiles for a more personalized trip experience. These revamped profiles gather detailed information, including travel preferences and lifestyle choices, allowing hosts to customize their offerings—from suggesting local dining spots to tailoring welcome baskets.

This depth of data collection not only helps hosts deliver more personalized stays but also supports Airbnb’s evolution into a super app. This platform expansion aims to align services with user preferences, transforming Airbnb into a central hub for travel and lifestyle, enhancing guest satisfaction and host interactions.

Financial Tools and Controls for Hosts

The 2024 Airbnb Summer Release brings significant updates to the Earnings Dashboard, enhancing financial tools and controls for hosts. These improvements are designed to give each host more comprehensive insights into their earnings and better manage their financial health.

Enhanced Earnings Insights

The updated dashboard now includes interactive performance charts that allow hosts to drill down into monthly and yearly earnings. These charts are particularly useful for hosts managing multiple properties, as they can filter results by individual listings to understand which properties are performing best.

Forecasting and Reporting

Another major enhancement is the ability to forecast future earnings based on current trends and historical data. This feature helps hosts plan for the future more effectively by providing a clearer picture of potential income fluctuations.

Additionally, Airbnb has streamlined the process of generating financial reports. Hosts can now easily access and download monthly or annual earnings reports, which include detailed breakdowns by listing and payout method. These reports are automatically generated, ensuring that hosts have timely and accurate financial data at their fingertips.

Control Over Listings and Financial Data

The new functionalities also extend to how hosts interact with their listing data. Hosts can now influence the ordering and display of photos in their listings, thanks to improvements in the AI-powered photo tour editor. This control allows hosts to better showcase their properties, potentially leading to increased bookings and revenue.

These financial tools and enhancements are part of Airbnb’s broader strategy to support hosts by providing them with robust tools to manage their operations more efficiently. By giving hosts greater control over their financial data and the presentation of their listings, Airbnb is helping to ensure that hosting can be not only a rewarding experience but also a financially viable one.

Brand and Marketing Innovations

In an effort to further differentiate its offerings and elevate its brand, Airbnb has integrated storytelling and celebrity collaborations into the ‘Icons’ series. This initiative combines the allure of unique accommodations — like staying in a film-inspired house or a celebrity’s signature location—with high-profile endorsements and thematic storytelling.

Such marketing strategies not only create buzz and attract attention but also position Airbnb as a leader in offering extraordinary travel experiences. These branding efforts reflect Airbnb’s commitment to not just being a platform for booking lodgings but a creator of unique travel narratives that resonate deeply with modern travelers, aligning with their desires for experiences that are both authentic and Instagram-worthy.

Leveraging Airbnb’s 2024 Innovations for Hosting Success

Airbnb’s 2024 Summer Release rolls out critical updates and new features that promise to transform the hosting experience. With enhancements ranging from the financial tools in the Earnings Dashboard to strategic marketing innovations, hosts are equipped more than ever to optimize their listings and capitalize on these advances.

Hosts are encouraged to explore these new tools and consider how they can be integrated into their offerings. Whether it’s by utilizing the detailed insights provided by the updated Earnings Dashboard to optimize pricing strategies, or by leveraging the appeal of the ‘Icons’ series to attract more bookings, there is immense potential for hosts to enhance their guest experiences and improve their business outcomes.

The post Airbnb Summer Release 2024: What’s New for Hosts? appeared first on DPGO.

That’s why we’re here to assist! Our data specialists have dedicated their efforts to developing the latest DPGO feature: Markets. This tool is designed to make all the difference for both seasoned and novice hosts. Whether you’re a DPGO user or not, you’re invited to visit our homepage, where you can find a selection of free insights tailored to your local market.

The most significant challenge reported by Airbnb hosts is the lack of access to key Airbnb data and using it to increase occupancy rates of their Airbnb listings. Many hosts have expressed frustrations over their inability to effectively analyze Airbnb analytics to make their Airbnb properties more profitable. To address this issue, we developed DPGO Markets to provide essential Airbnb data at no cost, including an Airbnb calculator and market research tools.

By focusing on main Airbnb rental hubs across the US and Canada, we’ve established a solid foundation for superior Airbnb data analysis by hosts. This initiative aims to improve the management and performance of their investment properties and vacation rentals. While we have reserved some of the more intricate data structures for DPGO users, non-users can still access a wide range of vital data.

How Do I Work Markets by DPGO?

Let’s embark on the initial step: inputting your postcode or town name. As of this writing, we span several thousand markets in the US, Canada, Australia, and Mexico, encompassing a diverse array of short-term rental properties, Airbnb listings, and vacation rentals.

Each day, Team DPGO commits tirelessly to expanding our coverage, ensuring we include data from different markets to assist Airbnb hosts in making their listings more profitable. To stay abreast of our growing coverage and gain insights into making your Airbnb or vacation rental property more profitable, we recommend following us on Facebook (@dpgo.software).

After entering your town name or postcode, you will be directed to the Markets homepage specific to your county. To provide a comprehensive view of your area and its potential as an investment property or short-term rental, we’ve also incorporated links to neighboring county homepages. This feature is particularly useful for conducting market research and comparing different markets to understand where your property stands in terms of occupancy rate and profitability.

Upon arriving at the homepage, you will see the eight distinct data blocks. These blocks offer a range of metrics and summary information to enhance your understanding of your local Airbnb and short-term rental market. The data, presented in the clearest and most logical format possible, includes key insights into Airbnb listings, occupancy rates, average nightly rates, and more.

Each data block has a clear label, allowing you to quickly assess the performance of your vacation rental or investment property against others in the same market. Additionally, you can use our Airbnb calculator, integrated within the data blocks, to forecast earnings and manage your listings more effectively. This comprehensive set of tools and metrics will guide you through optimizing your short-term rentals for higher profitability and success in the competitive Airbnb market.

What Does Markets Show Me?

The market area-specific homepages show you eight data blocks. More specifically, these data blocks show you:

• Market Supply – the number of active listings in your area.

• Average Daily Rate – the average rate from all the listings in your area.

• Occupancy Rate – the average occupancy rate in your local market

• Bookings – the total number of confirmed bookings in your area over the last 30 days.

• Day of the Week Occupancy Rate – the average occupancy rate of your local market, broken down into daily percentages. 

• Day of the Week Price Factor – the daily rate, broken down by day of the week, in your market from the last 28 days. 

• Market Trends – this graph shows the 75th, 50th, and 25th percentile of your 52-week predicted average daily rate. 

• Map – the map block shows you exactly where your competitor properties are located. 

How Can I Use the Airbnb Data in Markets?

These free market insights were designed to give you more information on the trends and booking surges in your local area. By knowing who your competitors are, you can better optimize your property to attract as many bookings as possible. 

Knowing exactly where these competitor listings are located also helps optimize your Airbnb earnings. Once you have a better understanding of your target market, you can begin to anticipate their wants and needs and compete directly with those listings closest to you to win those bookings. 

The Day of the Week Price Factor helps you identify when the listings in your market are increasing their prices, and when they are decreasing them. You can use this information to match their listing price fluctuations, while also offering a greater discount for your guests. 

If your occupancy rate does not match that of your greater local area, you have some work to do. It means you’ve set probably too high prices, or your listing is not advanced with your target guest in mind. Somewhere along the line, you are missing the mark. 

The Average Daily Rate figure should match yours relatively closely. Unless, of course, your property is marketed to a different type of guest. However, this figure is not useless to you if your listing is unique in the market. Rather look at this as a benchmark by which you need to measure your pricing index.

What Airbnb Data Does Markets Not Show Me?

We couldn’t give away all the good stuff for free, so we decided to offer up a selection of the critical Airbnb data that we source. You can use the insights on the free Markets page to perfect your Airbnb approach. As you’ll notice on the Markets homepage for your specific area, there are more data blocks, but only DPGO users have access to these insights. 

Namely, these insights include more in-depth competitor analysis, market revenue, Health Score (and how it relates to the average Health Score of your local market), average minimum price, average maximum price, and average base price. We also include insights into dynamic prices, historical prices, and pricing ranges, as well as market trends and live links to your competitor’s Airbnb listing pages.

We also included competitor Health Scores so you can see how your listing measures up to the rest of the local market.  Airbnb data and analysis is our specialty. We put many long hours into developing Markets, and we hope that you can see the value that we can offer your Airbnb listing business. 

To learn more about DPGO, you can visit our website at www.dpgo.com, check us out on Facebook (@dpgo.software), or visit our YouTube channel for helpful tutorials and explanation videos.  You can also contact us at any time if you need help or if you’d like to ask us a few questions.

We’d love to hear from you! You either email us at support@dpgo.com or join the Support Chat via our homepage. Check out a few of our other posts! We recently did an explanation post on Travel Trends 2021, and another post on how to use them to increase your booking rates!

The post Analyze Airbnb Data with Markets by DPGO appeared first on DPGO.

The Airbnb 2023 Winter Release marks a significant milestone in the vacation rental industry, focusing on enhancing the guest booking experience. This update, part of Airbnb’s annual tradition, addresses the ‘moment of truth’ for guests — the critical point of making a booking decision.

Recognizing the challenges guests face in navigating a diverse array of over 7 million listings, the release aims to streamline the selection process, reduce surprises, and ensure that guest expectations are met, if not exceeded. This initiative demonstrates Airbnb’s commitment to improving user satisfaction and maintaining its leadership in the online travel agency space.

Guest Favorites: Curating Top Properties

The 2023 Winter Release proudly introduces the “Guest Favorites” feature. It is a curated highlight reel showcasing the platform’s most exemplary homes as endorsed by guests. Moreover, this esteemed collection includes the top 2 million vacation rentals, each meticulously selected for their superior qualities. Significantly, each of these homes has garnered an impressive average rating exceeding 4.9 stars, which speaks volumes about their standards in cleanliness, check-in procedures, listing accuracy, host communication, strategic location, and overall value for money.

Furthermore, the selection criteria for “Guest Favorites” are notably rigorous, with a laser focus on guest satisfaction and reliability. In order to qualify, an Airbnb property must maintain a near-perfect track record, evidenced by less than 1% of bookings being canceled by the host or due to any quality issues with the property. Consequently, this stringent standard ensures that guests are presented only with the cream of the crop, the most reliable and top-rated options.

To make these premier listings easily identifiable, Airbnb has introduced the “Guest Favorite” badge. This badge is prominently displayed on the listing pages and search results, acting as a beacon for guests seeking quality and excellence. It simplifies the search process, allowing users to filter and select from homes that have proven to be loved and lauded by past visitors. The guest favorites initiative is all about simplifying the decision-making process for guests, ensuring a quality stay with trusted hosts in remarkable homes.

Redesigned Ratings & Reviews Page

Airbnb’s 2023 Winter Release introduces a revamped Ratings & Reviews page designed for enhanced usability and relevance. This redesign facilitates the easier discovery of reviews, allowing guests to sort reviews and filter them by recency or rating.

Additionally, reviews now include detailed information about the guest’s stay, such as trip length and companions, providing prospective guests with more context. This improved layout and added detail help guests make more informed decisions by giving them a clearer understanding of what to expect from each listing.

Listings Tab: A New Tool for Hosts

Airbnb introduces a suite of innovative tools designed to empower Airbnb hosts with smarter, more efficient ways to manage and showcase their vacation rentals. The centerpiece of these enhancements is the new Listings tab, an all-encompassing feature that significantly simplifies the listing process.

Listing Editor

At the heart of the Listings tab is a redesigned listing editor, making it straightforward for hosts to add comprehensive details about their space—including amenities, sleeping arrangements, and more. There are two main sections in this editor:

“Your Space” – for managing the listing page and adding home details. The intuitive interface ensures that potential guests receive a complete and appealing picture of the Airbnb property.

“Arrival Guide” – for adding check-in information. The Listings tab addresses the critical aspect of arrival by allowing hosts to precisely outline check-in details, directions, house manuals, and checkout instructions. This information is presented to guests exactly as the host sees it, ensuring clarity and ease of communication.

AI-Powered Photo Tour

This tool revolutionizes how hosts create visual narratives of their spaces. This feature organizes photos by room, allowing future guests to get a sense of the home’s layout instantly. The Airbnb AI engine creates a photo tour by categorizing each image into one of 19 room types, enabling hosts to add specific amenities or features for each area. Hosts can continually refine a photo tour for each listing, adding or adjusting photos and details as needed.

Airbnb acknowledges that detailed and well-managed listings can significantly impact booking rates, with more comprehensive listings seeing up to a 20% increase in bookings. The Listings tab is currently available to hosts with six or fewer listings and is a testament to Airbnb’s commitment to continuous improvement and host support. By opting into Early Access, hosts can start leveraging these features to enhance their listings, attract more guests, and provide exceptional stay experiences.

Smart Lock Integration

Another feature that appeared in the 2023 Airbnb Winter Release is a smart lock integration feature. It enhances both convenience and security for hosts and guests. Thus, this feature lets hosts connect their smart lock systems directly to their Airbnb account, simplifying access management.

Each reservation automatically generates a unique code for entry, offering secure, keyless entry. This smart lock integration is initially available for listings in the U.S. and Canada. It streamlines the check-in process, providing a seamless and secure experience for guests.

Additional Features for Hosts

The 2023 Airbnb Winter Release brings a suite of new features aimed at enhancing the host experience with a particular focus on earnings visibility and co-host collaboration.

Earnings Dashboard

This new dashboard is a game-changer for hosts looking to have a more transparent view of their finances. The interface provides an interactive chart reflecting earnings. It shows the earnings from the past six months, the current month, and projected earnings for the next six months. It also offers a detailed year-to-date summary, listing gross earnings, taxes withheld, service fees deducted, any adjustments, and total net pay. For a deeper dive into the financials, hosts can access transaction details. It includes the price breakdowns, payment dates, past and future payments, and reservation codes for both upcoming and recent payouts.

Search and Filters

The earnings dashboard is designed with user-friendly search capabilities and filters. It allows hosts to quickly find specific payouts by amount, reservation code, date, listing, or payout method. This feature is particularly useful for those managing multiple listings or transactions.

Customizable Reports

Hosts can generate personalized earnings reports with ease. Select specific details like payout method and the booking date, and then either open them directly or email them as attached files.

Co-Host Payouts and Messaging

Airbnb introduced new options for co-host payouts. It includes sharing the cleaning fee, a combination of the cleaning fee and a percentage of the booking amount, a percentage of each payout, or a fixed amount per payout. Additionally, the ability to message co-hosts directly in the Airbnb app streamlines communication and coordination.

Pricing Tools

Improvements to the calendar tools are on the horizon, with features that will allow hosts to compare their pricing with similar listings at a glance and monitor trends over time. The pricing visibility feature, once launched, will include service fees in the prices set by hosts. It will provide a clear picture of what guests will pay without affecting the host’s earnings.

The Impact of Winter Release on Airbnb’s Market Position

The 2023 Airbnb Winter Release significantly bolsters Airbnb’s strategy, focusing on clarity and reliability to enhance guest trust and host performance. These features indicate Airbnb’s evolving approach towards a more intuitive and user-friendly platform.

These updates are part of Airbnb’s commitment to making the hosting experience as efficient and rewarding as possible. With these tools, hosts can manage their listings with greater ease, transparency, and strategic insight.

The Earnings Dashboard, along with the new co-host tools, signifies Airbnb’s ongoing investment in its platform and its users. Now hosts have the necessary resources to optimize their listings and maximize their earnings. Hosts can start using these new features by opting into Early Access.

The post Airbnb Winter Release 2023: What’s New? appeared first on DPGO.

What Does the Press Release Show?

The release touched on how the platform coping with the geopolitical environment over the last three months, as well as information on the total number of nights booked, the revenue across the company, the growth percentage, and more. It also shows the most popular destinations for Airbnb rental over the last quarter. While the actual names of the markets may not assist you much if your listing isn’t located in these specific places but the list may give you an idea of themes. For example, the cities could all be coastal, which will speak to what Airbnb users are looking for in their rentals. 

But how can everyday hosts use this information in the daily management of their properties? 

If you’ve had a slow couple of months, this release may help you understand why. If your bookings have inexplicably surged, the same can apply – this will help you understand why. Generally speaking, tourism trends usually run in cycles. And when bookings for beach vacations surge in one area, it’s safe to bet that they’ll surge everywhere, especially in summer. You can track these annual trends by the season as well. 

What Does the Airbnb News Release Say?

Brian Chesky, CEO of Airbnb, said “The third quarter of 2022 demonstrates we continue to drive growth and profitability at scale. Guest demand on Airbnb remains strong, our Host community continues to grow, and this was our most profitable quarter ever.”

Quarter Three of 2022 was the biggest and most profitable quarter in Airbnb’s history. This equates to nearly 100 million nights and experiences booked in the space of just three months. This total was up 25% from the same period last year. Airbnb revenue grew 29% from quarter three in 2021 to a total of $2.9 billion in 2022. 

Net income for quarter three in 2022 was $1.2 billion, representing the biggest net income figure in the company’s history. According to the release directly, “Net income improved by $380 million compared to Q3 2021 primarily due to our revenue growth and expense discipline. In Q3 2022, we delivered a net income margin of 42%, up from 37% in Q3 2021, and $1.6 billion of net income in the last twelve months.” 

Has There Been Any Growth in the Number of Hosts on Airbnb?

Well, interestingly, there has indeed been growth and a good few changes in the Airbnb host network. This is what the press release said “Our strong supply growth during the quarter was driven by several factors. First, demand drives supply. In Q3 2022, we saw total urban supply accelerate from a year ago as guests return to cities. Second, since our founding in 2008, Hosts have turned to Airbnb as a form of supplemental income, and to date, have earned more than $180 billion. Third, we believe our product improvements—including the new Host onboarding flow, AirCover for Hosts, and Ask a Superhost—are working. But we’ve just scratched the surface in growing our Host community.” 

Airbnb also announced that they’re making the journey to becoming a host even easier – and the announcement is coming on November 16th! 

Airbnb News: Quarter Three Results – A Quick View

• Q3 reported an all-time high of $2.9 billion in revenue 
• The Q3 net income was $1.2 billion, the highest profit per quarter ever
• Free cash flow in Q3 was also at an all-time high of $960 million
• Adjusted EBITA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in Q3 was $1.5 billion

The post Airbnb News: Quarter Three 2022 Financial Results appeared first on DPGO.

From 1 October, users in specific areas will see changes in how their pricing is displayed. Guest usually see the basic nightly rate displayed on the main Search page. Now, potential guests will be shown a nightly rate for the exact dates displayed, including all the fees and taxes. 

Now, this isn’t true for all areas. Airbnb has decided to trial different pricing displays in different areas, so some hosts will see different displays. Here is the explanation from Airbnb itself:

“​​We designed the existing system to break out the different fees and taxes so that guests fully understand the potential charges prior to making the payment. Over the last year, we have seen a significant travel rebound on Airbnb and believe the service is working well for users. But we are committed to constantly innovating to improve our product experience and want to understand if there is a way to display prices that provides an even better user experience.”

You can find this excerpt, and more, in the post on Airbnb’s Newsroom! The news release does not specify which markets that will be used as guinea pigs. So we recommend checking your pricing and seeing for yourself!

How Can DPGO Help?

Interested in other news, hosting tips, pricing suggestions, and more? Subscribe to our monthly newsletter and get them sent directly to your inbox! You can subscribe via the box on the right-hand side of this webpage!

The post Airbnb Trials New Pricing Displays appeared first on DPGO.

What Do These Restrictions Mean?

In essence, the government has opted to further extend the ban on the entry of tourists from select international destinations. Having recently opened the borders to tourists from Canada, the government did give us hope that there was light at the end of the tunnel. 

The United Kingdom recently opened its border to double-jabbed American tourists, as did the European Union, but President Biden has opted not to reciprocate in the gesture. 

So, for the foreseeable future at least, international tourists booking Airbnb properties in the US is not possible, so revenue will have to come from domestic sources instead.

What Can I Do to Boost My Booking Rate?

There are a few things you can do to appeal to guests who are looking to make a booking. 

You can make use of dynamic pricing to ensure that your prices are as competitive and attractive as possible. Dynamic pricing engines like DPGO consider a range of factors when synthesizing your pricing recommendations. We examine everything from recent bookings to exchange rates, global booking page, both local and international news, and changes in competitor offerings and availability. 

You can also optimize your listing to attract the most popular type of tourist in your location. If, for example, your area sees a lot of digital nomads, you can improve your Wi-Fi connection speed and offer slight discounts for longer stays (this might encourage them to book your listing for long as they do not need to go into an office to work every day). If you live in a big family holiday destination, set up your listing with bunk beds, for example, in order to attract family bookings. It might also be a good idea to include games and activities that the kids can enjoy in your local guide for guests to browse when they arrive. Having a swingball set or a couple of canoes if you live by a lake can also help encourage family bookings! 

These travel trends have an impact on your pricing, and if you want to succeed, you’ll need to know how to adapt your pricing to make the most of these trends. 

What About Discounts?

It may sound strange, but offering discounts is also another great way to attract bookings. This does not necessarily mean lowering your nightly price. There are two ways that you can offer a discount. You can either discount the entire stay by a percentage if the guest meets a certain length of stay. You can instead opt to discount just the additional nights. So if a guest books six nights, you offer them the 7th night at 50% off instead of offering 10% off the entire stay. It depends on your bottom line and which is the more profitable option. You can read more about how discounts boost profit here.

How Exactly Can Dynamic Pricing Help?

It’ll probably help to put the idea of dynamic pricing into a real scenario. We asked a DPGO user, Allan from Alburquerque, if we could share the feedback that he gave us recently. We hope this will help illustrate how dynamic pricing can assist in boosting business success. 

Allan joined DPGO at the start of October 2020. Now, almost a year later, he has experienced the benefits of DPGO through both on- and off-peak seasons. His occupancy rate in September 2020 was just 46%, which was roughly 20% lower than the market average. Clearly, Allan was doing something wrong. In late October 2020, authorities in Alburquerque adopted O-20-30 in an effort to regulate short-term rentals. Known as the ‘Short Term Rental Ordinance’, this bill introduced permits to conduct short-term rentals in the city. The cost of that permit was set at $120 for the initial application and $90 for renewals thereafter. 

This new regulation categorized short-term rentals as “a rental in a dwelling unit of 29 days or less”. We spoke to Allan about his minimum night stay requirement, after he asked us whether it would be more or less profitable for him to increase his requirements so he did not fall under the 29-day bracket. Our market data showed that, by far, the most popular booking duration was 1-2 nights. So we advised that he applied for his permit and continued as he had been, except with dynamic pricing.

Now, 11 months later, the average occupancy rate for Airbnb properties in Albuquerque is 67%. Allan is sitting pretty at a cool 83%. He has added discounts for longer stays, opted for our ‘More Conservative’ pricing strategy, and enabled ‘Gap Night Stay’ technology to allow our pricing engine to find bookings for gaps in his calendar.

Our Predictions for Airbnb Bookings in Quarter 4 2021

We’re expecting the local travel industry to continue on its recovery trajectory. If everything stays the same, we see no reason for the local industry to suffer. Americans will still want to travel domestically. This means short-term rentals can still benefit from Airbnb bookings.

In times of market uncertainty, shoring up your pricing is a quick and painless way to give yourself the best chance at success. With DPGO, you can experience dynamic pricing for free for 30 days with our free trial! Registration is simple and you don’t need to register a credit card when you create your new account.

The post Border Restrictions and Airbnb Bookings: What Now? appeared first on DPGO.

With the United States’ international borders remaining mostly closed to the world, the local short-term rental market will have to continue to exist on business from local travelers. The American and Canadian short-term rental market is also aided by the fact that travel between the two countries is open!

In light of this, we wanted to take a look at the biggest market shifts over the last two weeks. Primarily, we noticed that most changes are in the number of listing on the market. We made sure to check the occupancy rates in the areas concerned, just to help you make a bit more sense of these numbers!

Biggest Total Airbnb Listing Change 2021 (Week 30-31 2021)

10. El Dorado, California

In the space of just one week, El Dorado, California went from 1,129 properties listed on Airbnb in Week 30. In Week 31, El Dorado California had 1,604 properties listed on Airbnb. That’s an increase of 42%. The occupancy rate in the area is currently sitting at 58%. The area sees most of its bookings on a Friday and a Saturday, with the market boasting a majority two-night minimum stay requirement. El Dorado has an average daily rate of $381.

9. Brunswick, North Carolina

At the start of Week 30, Brunswick had 797 active listings, according to our Airbnb data. At the end of Week 31, that number of active Airbnb listings had increased to 1,134. That’s an increase of 42%. The occupancy rate in the Brunswick area is currently sitting at 66%. The area sees the majority of b bookings from Thursday to Saturday, with Tuesday being the least popular day. A majority of 38% of active listings in the area have set a 3-night minimum stay requirement. The average daily rate in Brunswick is $203.

8. Placer, California

From Week 30 to Week 31, Placer, California saw a listing increase of 43%. That corresponds to an increase from 1,717 to 2,499 in just 13 days. The majority of listings have opted for a two-night minimum (49%). The occupancy rate in the Placer market is 53%. The most popular days in this market are Friday and Saturday. The average daily rate in Placer is $393.

7. San Luis Obispo, California

The average occupancy rate in San Luis Obispo, California is 62% and the average daily rate is $280. In Week 30, the market had a total of 1,367 active listings, according to our Airbnb data. In Week 31, that number had increased by 43% to 1,959 total listings. A majority of 48% of hosts in the area have set their minimum stay requirement at 2 nights minimum. Once again, Friday and Saturday nights are the most popular nights in this market, which continues the weekend getaway trend!

6. Santa Clara, California

Santa Clara saw a total Airbnb listing increase of 46%, from 1,121 in Week 30 to 1,633 in Week 31. The average daily rate in Santa Clara is $117 and the average occupancy rate is 51%. The most popular days are Wednesday, Friday and Saturday. In this market, 28% of hosts have set a minimum night stay requirement of one night, and 21% of hosts have opted for a two-night minimum stay, and another 21% of hosts have set a 30-day minimum stay requirement.

5. Los Angeles, California

In Week 30, Los Angeles had 4,687. At the end of Week 31, Los Angeles had 6,954 active listings. This represents an increase of 48%. The average occupancy rate in the market is 53% and the average daily rate is slightly lower than you might expect at $161. A majority of 47% of hosts have opted to set their minimum stay requirements at 30+ days. The most popular days are Wednesday through Saturday.

Wow, this is a California-heavy list!

4. San Bernadino, California

San Bernardino hosts enjoy an average occupancy of 36%, which is relatively low, but their average daily rate is $224. In Week 30, the active Airbnb listing total in San Bernardino stood at 4,879 and that rocketed by 50% to 7,304 at the end of Week 31! The most popular day is Saturday. Most hosts in San Bernadino, 59% to be exact, have opted to set their minimum stay requirement at a two-night minimum.

3. San Diego, California

In Week 30, San Diego had 5,465 active Airbnb listings. In Week 31, San Diego had 8,293 listings. This represents a 52% shift in just 13 days! The average daily rate is $225 and the average occupancy rate is 62%. The most popular days in this market are Friday and Saturday. Minimum stay requirements of one, two, and three nights are most popular with 20%, 29%, and 24%.

2. Riverside, California

Riverside, California saw a change of a total listing count from 4,388 to 6,689. That’s an increase of 52%! The most popular minimum night stay requirement in Riverside is two nights. The average daily rate is $276 and the average occupancy rate is 39%. The most popular nights in Riverside are Friday and Saturday.

And coming in at number one is… (it’s not in California!).

1. Clark, Nevada

Well, I bet you thought it would be a Californian city! Well, Nevada pulled a sneaky one! Clark, Nevada had a Week 30 total of 3,058. Then in Week 31, that number went up by 56% to 4,783. The average occupancy rate in the area is 50% and the average daily rate is $178. The most popular days are Friday and Saturday, and most hosts have opted for a two-night minimum stay (33%). 

That rounds up our list this week! If you’re interested in receiving more Airbnb data insights from DPGO, you can sign up for our monthly newsletter or visit our dedicated insight page, Markets by DPGO. Simply enter your postcode, click ‘Get Insights’, and you’re on your way to free optimization tools!

The post Airbnb Data: Which Markets Have Seen the Biggest Changes? appeared first on DPGO.

According to Travel Noire, “Visitors who are looking for an Airbnb in Hawaii may have some problems in the near future. Oahu, Hawaii’s most visited island, has just passed a law that will require a minimum stay of 90 days (about 3 months) in short-term rental contracts. These are terms of accommodation negotiated on platforms such as Airbnb, among others.” 

Airbnb started a large-scale marketing campaign at the start of 2021 to expand its host network in time for Summer. This started with the disbanding of the Airbnb Associates Program and has slowly increased in success.

Anytime we see a big shift in the market, we’ll draft one of these data-insight news blasts to keep you in the loop. In a ‘Coming Soon’ development, you’ll be able to sign up for data reports generated by Markets by DPGO. Stay tuned to our Facebook page for news on the launch of this latest innovation from DPGO!

The post Hawaii Airbnb Numbers Up by Over 100% appeared first on DPGO.

What Was the Associate Program?

Airbnb launched the Associate program in May of 2020. The Associate program, which is often seen as a measure taken by Airbnb to boost pandemic bookings, saw travel bloggers and influencers get paid a percentage of guest and host fees. This was in exchange for endorsed advertising on their websites and social media pages.

Why Did It Help?

Airbnb wanted to harness the power of wanderlust and evocative social media images to inspire people to travel. They wanted to encourage people to support the short-term rental market in a troubling economic time. 

Airbnb has made no formal announcements about the success of the program, but its decision to end it means that bloggers and travel influencers can no longer share in the profits of Airbnb hosts. Some in the industry have speculated that the Associate program was disbanded now Airbnb booking rates have increased significantly. Others allege that this Airbnb decision has more to do with the relaxing of travel bans than the roaring success of the program. 

What Next for Airbnb?

The closing of the Associate program means that Airbnb is redirecting its business efforts. The start of 2021 saw Airbnb refocus its energy on expanding the host network. Their marketing drive to recruit more hosts will run for the first six months of 2021, in an attempt to drum up higher occupancy rates for the Summer season.

According to our data, this marketing campaign may already be having its desired effect. Montgomery county in Kansas saw an increase in the number of listings by 10% in just one week! 

On the other hand, our data reveals that a few US counties sadly dropped their total listing count last week. To name just a few, these include Volusia (Florida), Archuleta (Colorado), Horry (South Carolina), Orange (California), and Allegheny (Pennsylvania). These counties have lost between 16% and 24% of their total number of listings. 

Whether Airbnb’s marketing drive to increase its host network will work or not remains to be seen, but one thing is clear: growth is Airbnb’s new 2021 focus!

Do You Want More Airbnb Market Insights?

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Our dynamic pricing tool combines data insights with automation and pricing strategy recommendations to give you all the tools you need to take your business to the next level.

We’re offering a free 30-day trial to all new users! To register, visit our website.

The post BREAKING: Airbnb Ends Associate Program appeared first on DPGO.

Aside from being a momentous achievement, it also highlights that the STR market is surviving the global pandemic. In fact, during the festive period of 2020, Bloomberg reported something shocking. The US apparently was on track to reach 1 billion unsold hotel rooms. We did a report on the top 10 STR markets during that same period. You can read it here.

Once travel bans were lifted, people started searching for safe spaces. They wanted to escape their normal lives and still feel bio-safe. Airbnb rentals became the locations of choice. The numbers don’t lie. Single-property hosts who accepted their first bookings after the outbreak of the pandemic have earned a total of more than $1 billion. In less than a year, new hosts alone have drummed up $1 billion worth of business. That is momentous news for all STR stakeholders.

Airbnb Report Insights

When the pandemic first appeared on the radar, many were afraid that the STR market would be left in ruin. In a message from Airbnb CEO Brian Chesky on May 5, 2020, he confirmed that Airbnb was reducing the size of its workforce by 25%. This news sent shockwaves across the market.

But, one year later, there is light at the end of the tunnel. There’s no disputing that travel will look very different when the smoke from the pandemic clears. The new task for Airbnb hosts is figuring out how to run a successful Airbnb business in an economically uncertain landscape.

In their report published on February 17, 2021, Airbnb went on to list where these new hosts were located, and their total collective earnings:

Airbnb also released their global data on what the average host earned in the five countries with the highest number of new, post-pandemic outbreak hosts. This average earning is based on global booking trends for those areas.

Have You Tried Dynamic Pricing?

DPGO offers comprehensive data-driven market insights, which help you optimize your Airbnb earnings. Our pricing recommendations create the most attractive price, without surrendering your earning margins.

We’re offering you the chance to try DPGO for free for 30-days so you can see the difference for yourself! Register here and get started on the most profitable year of your Airbnb hosting career!

While you’re here, you might as well check out a few more of our latest posts! Ever wondered how dynamic pricing would cope with a host-only fee structure? Find out here!

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