{"id":3800,"date":"2021-10-13T23:54:54","date_gmt":"2021-10-14T07:54:54","guid":{"rendered":"https:\/\/www.dpgo.com\/go\/?p=3800"},"modified":"2022-06-03T09:03:30","modified_gmt":"2022-06-03T17:03:30","slug":"how-to-boost-profits-2021-2022","status":"publish","type":"post","link":"https:\/\/www.dpgo.com\/go\/how-to-boost-profits-2021-2022\/","title":{"rendered":"How to Maximize Airbnb Profit in 2022"},"content":{"rendered":"\r\n<p>The so-called \u2018Year of Recovery\u2019 is coming to an end and we can\u2019t believe how fast it has gone! As we covered in our recent webinar with <a href=\"https:\/\/www.hostfully.com\/\" target=\"_blank\" rel=\"noopener\">Hostfully<\/a>, we\u2019ve seen a steady recovery of the industry since January. We\u2019re confident that this recovery will continue into the new year! But what steps can hosts take to give themselves a better chance at maximizing their potential profit in 2022?\u00a0<\/p>\r\n\r\n\r\n\r\n<p>It is this idea that motivated us to craft our latest guide on profit-boosting! This time we\u2019re focusing on how to make the most of this year\u2019s economy and our predictions for 2022. The market is volatile, but that doesn\u2019t mean it cannot be read to decipher the best course of action.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2>Without further adieu, here is our list of steps you need to take to maximize your Airbnb profit in 2022!<\/h2>\r\n\r\n\r\n\r\n<h2><strong>1. Focus on Finding the Perfect Price<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Finding the perfect price for your listing is half the <a href=\"https:\/\/www.dpgo.com\/go\/airbnb-listing-components\/\" target=\"_blank\" rel=\"noreferrer noopener\">battle to be successful<\/a>, honestly. It can turn your business around in the blink of an eye and it has never been easier to run a vacation rental business with optimized pricing.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>By making use of dynamic pricing engines like DPGO, the pain of price management goes straight out the window and you\u2019re left with more time to focus on other aspects of your business. These pricing engines use data collected from your true competitors, the general market, your local market, and even the <a href=\"https:\/\/news.airbnb.com\/the-emerging-markets-powering-airbnbs-global-growth-report\/\" target=\"_blank\" rel=\"noopener\">global market<\/a> to find the right price for your listing.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>By making sure your pricing is winning you as much money per booking as possible, you put yourself in the best position to succeed and grow your business!<\/p>\r\n<p><iframe loading=\"lazy\" title=\"Control Your Pricing with DPGO\" width=\"770\" height=\"433\" src=\"https:\/\/www.youtube.com\/embed\/IIRHpYiShHo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\r\n\r\n\r\n\r\n<h2><strong>2. Look at Expanding Capacity<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Vacation rental homes with higher capacity often attract more diverse guests. Travelers want space, and in 2021, traveling in groups is a common theme. Guests are looking for safe spaces to meet friends and <a href=\"https:\/\/www.dpgo.com\/go\/family-vacation-rentals-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\">family<\/a> without the worry of a possible COVID infection.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Hosts can make simple changes like buying sofa beds instead of simple sofas. This way, you don\u2019t need to change the layout of your listing. Another route is to install bunkbeds. However, this is not the right course of action for a listing that hinges on design.<\/p>\r\n\r\n\r\n\r\n<h2><strong>3. Target Business Travelers<\/strong><\/h2>\r\n\r\n\r\n\r\n<p><a href=\"https:\/\/www.travelperk.com\/blog\/how-to-use-airbnb-for-corporate-travel\/\" target=\"_blank\" rel=\"noopener\">Business travel<\/a> was one of the first things to open after the initial hit of the pandemic. Hosts that had what business travelers needed were the first to benefit from the wave of post-pandemic bookings. These \u2018things that <a href=\"https:\/\/learnbnb.com\/how-to-target-business-travelers-on-airbnb\/\" target=\"_blank\" rel=\"noopener\">business travelers<\/a> want\u2019 include lightning-fast Wi-Fi, proximal locations to business districts, accessibility, and maybe a coffee maker or five.<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"682\" class=\"wp-image-2785\" src=\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/05\/Response-Rate-3-1024x682.jpg\" alt=\"Response Rate 3\" srcset=\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/05\/Response-Rate-3-1024x682.jpg 1024w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/05\/Response-Rate-3-300x200.jpg 300w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/05\/Response-Rate-3-768x512.jpg 768w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/05\/Response-Rate-3-175x117.jpg 175w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/05\/Response-Rate-3-450x300.jpg 450w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/05\/Response-Rate-3-1170x780.jpg 1170w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/05\/Response-Rate-3-270x180.jpg 270w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/05\/Response-Rate-3.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n\r\n\r\n\r\n<h2><strong>4. Offer Long-Stay Discounts<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Having your calendar full is one of the best endorsements for potential customers and there is no better way to do that than to encourage longer bookings. How do you encourage longer bookings? <a href=\"https:\/\/www.dpgo.com\/go\/airbnb-discounts\/\" target=\"_blank\" rel=\"noreferrer noopener\">Offer discounts!\u00a0<\/a><\/p>\r\n\r\n\r\n\r\n<p>Consumers love a bargain and discounts give them the financial incentive to extend their booking which helps you earn more money!<\/p>\r\n\r\n\r\n\r\n<h2><strong>5. Price Seasonally<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Making sure you <a href=\"https:\/\/www.dpgo.com\/go\/vacation-rental-pricing-strategy\/\" target=\"_blank\" rel=\"noreferrer noopener\">adjust your prices according to the season<\/a> is a great way to earn more money. If your prices are the same during Summer as they are in Winter, you have a big issue. In the most simplistic terms, you\u2019ve left a serious amount of money on the table by not charging more in busier seasons.\u00a0<br \/><br \/>You can charge anywhere from 10% to 50% more according to the season you\u2019re in. We recommend <a href=\"https:\/\/www.getfloorspace.com\/airbnb-pricing-strategy\/\" target=\"_blank\" rel=\"noopener\">increasing prices<\/a> by a minimum of 20%, and we only say that because we have the data to back it up! Do you want to check the data from your local market? You can with <a href=\"https:\/\/www.dpgo.com\/markets\/\" target=\"_blank\" rel=\"noreferrer noopener\">Markets by DPGO<\/a> and it\u2019s free! We\u2019ll show you a selection of data, including average daily rate, average market occupancy, day of the week price factor, and more!<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"538\" class=\"wp-image-3695\" src=\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/08\/Seasonality-1024x538.png\" alt=\"Seasonality-Menu-1\" srcset=\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/08\/Seasonality-1024x538.png 1024w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/08\/Seasonality-300x158.png 300w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/08\/Seasonality-768x403.png 768w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/08\/Seasonality-175x92.png 175w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/08\/Seasonality-450x236.png 450w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/08\/Seasonality-1170x614.png 1170w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/08\/Seasonality.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n\r\n\r\n\r\n<h2><strong>6. Charge for Extras<\/strong><\/h2>\r\n\r\n\r\n\r\n<p><a href=\"https:\/\/www.dpgo.com\/go\/pet-policies\/\" target=\"_blank\" rel=\"noreferrer noopener\">Pet fees<\/a>, extra guest fees, and changes in check-in or check-out times are another way you can gain slightly more in terms of income. The jury is out on whether you should charge for these extras, as some hosts see them as a way to secure a great review, but if you choose to, there is no doubt that it will <a href=\"https:\/\/keynest.com\/blog\/get-more-airbnb-bookings\" target=\"_blank\" rel=\"noopener\">boost your earnings<\/a> from each booking.<\/p>\r\n\r\n\r\n\r\n<h2><strong>How Can DPGO Help Boost Profit in 2022?<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>DPGO is a <a href=\"https:\/\/www.dpgo.com\/go\/airbnb-dynamic-pricing-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">data-driven, deep-learning dynamic pricing engine<\/a> that allows <a href=\"https:\/\/www.airbnb.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Airbnb<\/a> hosts and other short-term vacation rental property owners to maximize their revenue in the easiest way possible. We use real-time data from your local market to arrive at the perfect price for your listing in that given market environment.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Want to get started with dynamic pricing? Join DPGO now and start earning more money today!<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.dpgo.com\/app\/en\/account\/register\/?utm_source=blog&amp;utm_medium=website&amp;utm_campaign=sign_up_banner\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" width=\"1024\" height=\"495\" class=\"wp-image-3503\" src=\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/07\/1200x580-For-Blog-2-1024x495.png\" alt=\"Dynamic Pricing Tool for Airbnb Hosts\" srcset=\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/07\/1200x580-For-Blog-2-1024x495.png 1024w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/07\/1200x580-For-Blog-2-300x145.png 300w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/07\/1200x580-For-Blog-2-768x371.png 768w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/07\/1200x580-For-Blog-2-175x85.png 175w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/07\/1200x580-For-Blog-2-450x218.png 450w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/07\/1200x580-For-Blog-2-1170x566.png 1170w, https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/07\/1200x580-For-Blog-2.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\r\n","protected":false},"excerpt":{"rendered":"<p>The so-called \u2018Year of Recovery\u2019 is coming to an end and we can\u2019t believe how fast it has gone! As we covered in our recent webinar with Hostfully, we\u2019ve seen a steady recovery of the industry since January. We\u2019re confident that this recovery will continue into the new year! But what steps can hosts take<\/p>\n","protected":false},"author":6,"featured_media":3802,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[23],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Maximize Airbnb Profit in 2022 - DPGO<\/title>\n<meta name=\"description\" content=\"Knowing how to boost your profit in 2022 demands a certain amount of industry know-how and info, and we have that for you right here!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dpgo.com\/go\/how-to-boost-profits-2021-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Maximize Airbnb Profit in 2022 - DPGO\" \/>\n<meta property=\"og:description\" content=\"Knowing how to boost your profit in 2022 demands a certain amount of industry know-how and info, and we have that for you right here!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.dpgo.com\/go\/how-to-boost-profits-2021-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"DPGO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/dpgo.software\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-14T07:54:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-03T17:03:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/10\/Growing_Your_Airbnb_Business_in_2021_2022.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Charlotte Rogers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Charlotte Rogers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.dpgo.com\/go\/how-to-boost-profits-2021-2022\/\",\"url\":\"https:\/\/www.dpgo.com\/go\/how-to-boost-profits-2021-2022\/\",\"name\":\"How to Maximize Airbnb Profit in 2022 - DPGO\",\"isPartOf\":{\"@id\":\"https:\/\/www.dpgo.com\/go\/#website\"},\"datePublished\":\"2021-10-14T07:54:54+00:00\",\"dateModified\":\"2022-06-03T17:03:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.dpgo.com\/go\/#\/schema\/person\/2814431b44fa1d12e46ab5d7aa5270c5\"},\"description\":\"Knowing how to boost your profit in 2022 demands a certain amount of industry know-how and info, and we have that for you right here!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.dpgo.com\/go\/how-to-boost-profits-2021-2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.dpgo.com\/go\/how-to-boost-profits-2021-2022\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.dpgo.com\/go\/how-to-boost-profits-2021-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.dpgo.com\/go\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How to Maximize Airbnb Profit in 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.dpgo.com\/go\/#website\",\"url\":\"https:\/\/www.dpgo.com\/go\/\",\"name\":\"DPGO\",\"description\":\"DPGO is a dynamic pricing tool designed specifically for Airbnb hosts, managers and owners.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.dpgo.com\/go\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.dpgo.com\/go\/#\/schema\/person\/2814431b44fa1d12e46ab5d7aa5270c5\",\"name\":\"Charlotte Rogers\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.dpgo.com\/go\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c353689de4c3216b858541b6e8a0ee12?s=96&d=wavatar&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c353689de4c3216b858541b6e8a0ee12?s=96&d=wavatar&r=g\",\"caption\":\"Charlotte Rogers\"},\"description\":\"I love writing and I am seriously passionate about real estate and technology. 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