Last updated on January 10th, 2024
Looking where to find Airbnb rental history? Then, look no more because we’re telling you where to find it!
- Last updated January 10, 2024
Airbnb Rental History
In Airbnb, success isn’t just about having a beautiful property, an active listing, or giving your guests the best experience. It’s about making informed decisions based on real insights. That’s where Airbnb rental history from a reliable data analytics tool becomes valuable.
Airbnb rental history is not just a record of past bookings. It provides a historical narrative that can serve as a roadmap to unlock the full potential of your property. In this article, we will delve deeper into the importance of getting Airbnb historical data while using the best Airbnb analytics tool.
Can I check the Airbnb rental history of properties in my area?
You cannot, unless you approach the host to share with you this information.
Only Airbnb hosts can access rental history. The same goes for your own Airbnb rental history.
Obviously, this approach is not ideal.
Imagine approaching thousands of Airbnb hosts only to find out their Airbnb rental history. First, it will cost you so much time. Second, the results won’t guarantee you success if you only do it once. Even if all of the hosts you ask share their Airbnb rental history with you, it can take time for you to compile and analyze this information.
So, what should you do then?
Data Analytics for Airbnb Rental History
The age of modern technology offers a more convenient way of getting Airbnb rental history. Short-term rental analytics has streamlined this process. It can give you the historical and granular data of any Airbnb market. Let’s highlight “Airbnb market.”
Getting the Airbnb rental history of a market, instead of individual properties, is like seeing the forest for the trees. It gives you a holistic picture of the trends in occupancy, nightly rate, and annual revenue – just to name a few.
But let’s say you want to get the Airbnb rental history of properties having the same attributes as your own Airbnb property. Then, you should go for an analytics tool that has advanced filters.
As an example: From 6,413 active Airbnb listings in Seattle, we’re now just down to 125 listings with Hot Tub by using the advanced filters. Notice that data points such as revenue, occupancy rate, and nightly rate, among others, change according to your chosen property attributes.
The most advanced data analytics tools not only have access to a broader range of data sources. They can also present this information in a more organized and user-friendly manner, making your analysis more efficient and insightful.
Why the Airbnb Rental History of A Market is Important?
Airbnb rental history from a powerful short-term rental analytics tool allows you to do the following
1. Check Performance
Understanding your property’s performance is the first step to enhancing it. But where will you compare it against? You compare it side by side with your Airbnb market. Is your property getting booked less compared to your direct competitors? If so, how can you improve your Airbnb booking?
2. Pricing Better
In connection with the first part, Airbnb rental history allows you to gain insights into past nightly rates of your market. By checking this, you can identify price-sensitive periods and adjust your rates accordingly. Therefore, you can maximize your revenue during such seasons.
3. Competitive Edge
You are in a fiercely competitive world of short-term rentals. But one of the most powerful tools at your disposal for achieving an edge is Airbnb rental history. By harnessing this data, you can benchmark your property against similar listings in your area. You can gain valuable insights into what works best for others and then integrate these practices into your long-term strategy.
4. Adapting to Seasonal Fluctuations
Seasonal fluctuations are common in the Airbnb industry, Historical data helps you anticipate these shifts by showing when demand tends to peak or dive. Armed with this valuable knowledge, you can adjust your pricing and exert more effort in marketing during low periods.
How To See Airbnb Rental History of Any Market Worldwide?
On the Airbtics Dashboard, type in the name of the market whose rental history you would want to see. Instantly, you will see the following powerhouse trio and more:
- Annual Revenue
- Occupancy Rate
- Nightly Rate
Just to flex the advanced capabilities of the Airbtics Dashboard, let’s keep the filters we ticked before (2-bedroom entire house Airbnb properties with hot tubs). So, you can check for yourself the Airbnb rental history of properties with the same features as yours.
Historical Revenue, Occupancy Rate, and Nightly Rate
The graphs for Airbnb rental history of Annual Revenue, Occupancy Rate, and Nightly Rate for this specific property attribute are already shown from the get-go.
You can instantly see that January is the slow month for this property type with a median revenue of $3,250. The same also shows in occupancy rate (50%) and nightly rate ($200). These data are just for 2023.
On the Airbtics Dashboard, you can always go back to previous years to check if it’s a pattern. Just click the “View Historical Trends” of any of the key metrics.
Hosts probably already know that January is the lowest month in Seattle for short-term rentals. This is caused by the challenging weather conditions – with both the Winter season and persistent rain (because it is Seattle).
However, Airbnb hosts would not know the impact of these weather conditions on their rentals without data analytics. For example, properties in the 50th percentile show a significantly lower occupancy rate than the average 74%.
This also holds true for the nightly rate. Due to decreased occupancy during this period, hosts have adjusted their pricing downward in order to remain competitive.
Booking Lead Time
Hosts in the 75th and above percentile managed to price above the market average in January 2022 and 2023. This is because hosts might have noticed that guests book their rentals more than 30 days in advance. This shows that their properties have a long booking lead time. This is confirmed by the Airbtics Dashboard.
Booking lead time refers to the number of days between the booking date and the actual check-in date. This is another metric that Airbnb hosts need to check when optimizing their daily rate.
Long booking lead time can empower hosts to charge a higher rate since bookings are made in advance. Given this length of time, it allows Airbnb hosts to play with their nightly rate, to charge as high as possible until it hurts the occupancy rate.
Hosts in the 75th percentile and above not only charged a higher nightly rate during a slow season in Seattle, but they also successfully secured bookings.
Analyze Airbnb Rental History with Airbtics
The importance of analyzing Airbnb rental history using a reliable data analytics tool cannot be overstated in the world of short-term rentals. This tool provides hosts with valuable insights that go beyond mere booking records.
By leveraging Airbnb rental history data, hosts can identify trends and patterns in their market. They can gain a competitive edge and ensure the long-term success of their Airbnb business.
Airbtics simplifies the process of analyzing Airbnb rental history and market data. With advanced filters and user-friendly intercase, Airbtics empowers hosts to make data-driven decisions effortlessly. By harnessing the insights provided by the Dashboard, hosts can elevate their property’s performance and navigate the Airbnb landscape with confidence.
In an industry where data is power, Airbnb rental history from Airbtics is not just a choice but a necessity for success in the short-term rental industry.
Wanna know if you’re leaving money on the table? Then check out this comprehensive and accessible Airbnb Profit Calculator!
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