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3 different types of Airbnb APIs and how you can get them?

Learn about the 3 types of Airbnb APIs, in what type of case you should use each one and the pros and cons of employing them!

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3 different types of Airbnb APIs and how you can get them?

3 different types of Airbnb APIs and how you can get them?

Learn about the 3 types of Airbnb APIs, in what type of case you should use each one and the pros and cons of employing them!

  • There are 3 types of Airbnb APIs. 1) Official Airbnb API 2) Un-official Airbnb API 3) API by short-term rental data providers. In this blog, we’ll cover which ones are right for different use cases, and what are the pros and cons of using them. 

Airbnb Api

Official Airbnb API 

Official Airbnb API is mainly for their integration partners. For example, if you are making a channel management or property management software for Airbnb hosts, Airbnb may grant your company access after their lengthy review. Yes, this is the drawback, it takes too long. 

Un-official Airbnb API 

If you need to build a quick prototype software, this may be for you. The functionalities are the same. If you are a developer, you can take a look at GitHub. Alternatively, you can go to Airbnb website yourself and see what APIs are being called for each action and check the APIs that were made from the developer console. 

If you are not a developer,  an easier way is through some wrapper services available on RapidAPI. Search Airbnb on RapidAPI and you can find a few APIs that are just a wrapper API of these. 

Airbnb Api

APIs by short-term rental data providers

If you are a researcher, a property manager, or a property investor, this is for you. You can get access to historical data of Airbnb listings via APIs by short-term rental data providers. They’ve been scraping & monitoring Airbnb listings for years, and have some good statistics around it. 

AIRBTICSAPI

If you search Airbnb analytics on Google, you will find some short-term rental data companies who can potentially give you access to their data via API.

Airbtics is one of those data providers, and we have been collecting Airbnb performance-related information since 2019. You can easily test this API via either RapidAPI or Postman documentation. Short-term rental management companies like Awning, PropR are using the Airbtics API to optimize their pricing better. 

PropR manages 300+ vacation rentals across South Africa and Dubai. They have their own pricing algorithms based on the competitors around their listings. They receive competitor rates from us on a daily basis to set the right pricing. 

Awning uses our API to show Airbnb income estimation to homeowners considering running an Airbnb. They have been able to generate thousands of leads from this income estimation tool, and now managing over 100 short-term rentals. 

How accurate are the API results by the data providers? 

Since you are accessing the data collected by a 3rd party company, accuracy may differ. The accuracy depends on how accurately they classify between booked nights by guests (revenue generating) and blocked by hosts (no revenue). 

Airbtics’ Airbnb Gross booking value prediction has been closely (97%+) matching with Airbnb’s quarterly financial report. We use various factors like pattern of bookings, number of reviews and many other factors to accurately identify the booked nights.

Conclusion 

Drop us an email at “[email protected]” if you’d like to learn more about Airbnb APIs. Tell us how you are intending to use it so that we can give you the right recommendations! 

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All About Airbnb Hosting Tips

3 Things to look for when choosing the best Airbnb dynamic pricing tool

Table of Contents
    Add a header to begin generating the table of contents

    Dynamic pricing tools adjust your pricing depending on market demands to maximize rental revenue. Airbnb already offers this with their Airbnb Smart Pricing. But while many Airbnb hosts tried Airbnb Smart Pricing, they quickly realize the tool set their prices too low. It’s no wonder that many avid Airbnb hosts rely on third-party dynamic pricing tools to meet their needs. 

    A well-designed dynamic pricing software should give you the flexibility to set custom pricing rules based on the market supply and demand data they have. It should allow you to transparently see the market data they are basing their pricing recommendations on, and it should be adjustable if you don’t agree with them. Other important things to consider are whether they support your market and your PMS if you use one. 

    The six dynamic pricing tools currently in the market are: 

    • Airbtics Bright Pricing 
    • AirDNA Smart Rates
    • Beyond
    • DPGO
    • PriceLabs
    • WheelHouse

    Here’s a quick rundown of these tools

    Airbtics Bright Pricing offers highly customizable pricing settings and covers all markets in the world. 

    AirDNA is a market intelligence software with a pricing recommendation feature covering all markets globally. 

    Beyond Pricing is a San Francisco-based dynamic pricing tool founded in 2014 – it offers integration with over 50 PMS and their product is suitable for professional vacation rental managers. 

    DPGO is a relatively new software offering highly customizable pricing settings with an intuitive user interface. 

    PriceLabs employees are based in India and Chicago – it offers integration with over 50 PMS and their product is intuitive and easy to use. 

    WheelHouse is another San Francisco VC-funded company offering experimental features and is built by PhD holders. 

    how much can you make on airbnb

    Custom Pricing Rules

    Top Recommendations: Airbtics Bright Pricing, DPGO 

    Runner up: PriceLabs 

    Both Airbtics Bright Pricing and DPOG are relatively new software, yet they offer the most amount of flexibility on top of their pricing algorithms. If you don’t completely trust the AI recommended rates, this is a crucial feature.

    Last-minute discount 

    There’s no doubt that you need to lower nightly rates as it gets closer to the date. Yet, when and how much to give a discount is depending on your market and guest type. For instance, if you are running a hotel in a busy street, you may not need to lower the price until the evening of that day as the majority of your booking may happen during that time. However, if your vacation cabin is located in a mountain with a low population density, most people will book well in advance. When to start lowering the price and how aggressively you’d like to give a discount should be at least configurable. 

    Best Airbnb Dynamic Pricing Tool

    If you’d like to fine-tune your last-minute discount, we recommend you to use DPGO or Airbtics Bright Pricing.

    Day of the week or seasonality

    It’s not a secret that weekend pricing is higher than weekday pricing, yet depending on many factors, the day-of-the-week pricing needs to be adjusted. Typically, in a market that heavily relies on vacation tourists, weekday occupancy rates will be significantly lower than the weekend, and you may want to set pricing aggressively during the weekday and conservatively for the weekend. For the same reason, you may want to play different pricing strategies in different seasons. 

    These are common features offered by all dynamic pricing providers.

    Competitor based pricing

    Being able to set a custom pricing rule based on competitors is what an ultimate dynamic pricing software should look like, even better if they show the competitor lists and allow you to edit them. This is what we are developing at Airbtics currently, but PriceLabs provides something similar. It allows you to set a rule to drop or increase prices if the market’s occupancy rates hit certain thresholds. 

    how much can you make on airbnb

    PMS connectivity 

    Top recommendations: Beyond, PriceLabs, Wheelhouse 

    Runner ups: DPGO

    The first three tools started their service in 2014, hence they support various PMS like Guesty, Lodgify, and so on. AirDNA and Airbtics only support connecting with your Airbnb – AirDNA changes pricing to iCAL and Airbtics directly changes on Airbnb. 

    Best Airbnb Dynamic Pricing Tool

    Market coverage

    Top recommendations: Airbtics, AirDNA 

    Runner ups: DPGO, PriceLabs 

    According to our analysis, Beyond and Wheelhouse only cover major cities. When our analysts tried using it for less known locations, we got the notifications that the markets are not available. DPGO and PriceLabs cover the markets we tested. Both Airbtics and AirDNA, being market intelligence software, cover worldwide markets regardless of the location.

    Summary

    There’s no evidence that a specific software will increase the highest amount of revenue, but we’ve tried our best to address important points you need to consider when it comes to choosing a smart pricing tool. 

    All the solutions (apart from AirDNA) give you a free trial. Should you try them all out, you’ll have five months  to find out which one is the best for you.

    But if you want to save time switching and learning new tools, you should take a look at 1) whether they support all of your listings 2) whether they have integration with your PMS and 3) whether they allow you to override your current pricing strategy on top of their software. 

    Read More: 
    AirDNA Alternatives
    Airdna vs Mashvisor (What’s Best for you?)

    Categories
    Alternatives & Reviews

    Wheelhouse Pricing In-depth Review: A VC-funded vacation rental technology, is it any good?

    Table of Contents

    Wheelhouse and why am I eligible to give a review

    Wheelhouse Pricing was founded in 2014 by Andrew Kitchell, a co-founder of Beyond Pricing, which is another similar Airbnb dynamic pricing tool. As a tech-savvy Airbnb host, I have tried out all the dynamic pricing solutions available in the market.

    This short blog will show you some customer reviews of Wheelhouse and my technical review on this pricing tool as well. A list of good alternatives will be at the bottom as well. 

    A side note: I tried it out for a couple of months for my rentals in London and Sokcho (Korea). Even though Wheelhouse was built by an ex-CEO of Beyond Pricing, I prefer Wheelhouse slightly more, and I will explain this in the blog.

    wheelhouse capterra rating
    Wheelhouse Trustpilot reviews rating

    Product Features

    Dynamic Price: Ease of use?

    To get started, you need to set Base Price, and you are given three pre-defined choices, which are powered by the Wheelhouse Pricing algorithm. 

    Once you select the pricing strategy choice, you can start pushing the pricing suggestions to your listings.

    wheelhouse dynamic pricing product review

    Custom Price Settings

    It’s a critical feature and usually, it is the deciding factor of choosing the right short-term rental dynamic pricing tool, since every markets and listing have unique demands and customers patterns. 

    You can further improve Wheelhouse’s pre-defined pricing strategy within the following parameters 

    1. Minimum and maximum prices based on day of the week and specific range of dates  
    2. Weekend pricing 
    3. Seasonal pricing
    4. Long-term discount 
    5. Last-minute discount 
    6. Far Future premium 

    Wheelhouse gives plenty of options for you to customize pricing strategies based on their template. Being able to give a further premium for weekend pricing is a handy feature because many vacation rentals are only filled during the weekend but not during the weekday. You may set your base price relatively low for the weekdays and set more competitive rates for weekends to optimize your pricing.  This exact feature is why I prefer Wheelhouse over Beyond Pricing.

    Market Insights

    One interesting market data they are showing is their market pricing recommendations. They have three different models 1) Recommended 2) Reactive and 3) Predictive. However, as a non-professional Airbnb host, I barely understand them and know what models will give me more bookings. I don’t want to test out their three different models as I simply want to increase revenue and get more bookings today!

    Competitive Sets

    It’s an analytics dashboard showing the stats of your competitors. 

    The following data is available 

    • Key Metrics, such as average occupancy rate, nightly rate, and booking lead time
    • Competitor’s daily rates over next 365 days  

    Booking lead time is a useful data point to know, as well as the ability to edit the pre-made CompSet. However, unlike Bright Pricing, it doesn’t show the breakdown of key metrics. For example, Bright Pricing shows a breakdown of key metrics in more granular form, such as next 7 days, 14 days, 21 days, or in percentile.

    wheelhouse competitive set product screenshot

    Pricing

    The cost of using Wheelhouse Pricing is 1% of revenue or $20/mo per listing. 

    How does it compare with others?

    PriceLabs: $20 or $10 / month 

    Bright Pricing: 0.5% of revenue

    DPGO: 0.5% of revenue 

    Beyond Pricing: 1% of revenue

    how much can you make on airbnb

    Existing Customer’s Wheelhouse Review

    1. Trustpilot
    Wheelhouse Trustpilot reviews rating
    wheelhouse trustpilot user review 01
    2. G2
    Wheelhouse g2 rating
    wheelhouse g2 filter reviews
    wheelhouse g2 user review 01
    wheelhouse g2 user review 02
    3.  Capterra
    wheelhouse capterra rating
    wheelhouse capterra overall rate
    airdna vs alltherooms
    wheelhouse user capterra review 01
    wheelhouse user capterra review 03

    One Embarcadero Center, Unit 26859

    San Francisco, CA, USA 94126

    Email Address: [email protected]

    Conclusion

    As someone who managed up to 10 listings at a time as an individual part-time Airbnb host, I liked Wheelhoue’s customized rule options. Their Competitive Sets dashboard stood out amongst their competitors. There market future pricing graphs are interesting but not sure whether a non-professional Airbnb host can leverage it correctly. 

    In 2022, there are more new dynamic pricing tools out there. I’d like to introduce you to Bright Pricing – it’s built by software engineers and the pricing engine is based on Airbtics’ 2 billion short-term rental nightly rates data. Bright Pricing has some advantages over Wheelhouse. 1) it’s four times cheaper 2) you can adjust your competitors 3) the market dashboard is fantastic 4) and it supports all locations in the world.

    Read More: 

    Beyond Pricing In-depth review: Still useful in 2022?

    PriceLabs in-depth technical reviews – (From software developer & Airbnb host perspective)

    Categories
    Alternatives & Reviews

    Beyond Pricing In-depth review: Still useful in 2022?

    Table of Contents

    Why am I eligible to give a Beyond Pricing Review? 

    When Beyond Pricing (now just called Beyond) was launched back in 2014, it drew a lot of Airbnb Hosts’ attention. It is one of the three dynamic pricing tools out there at that time. They are based in San Francisco and have secured Series-A funding. 

    I also tried out Beyond for a couple of months for my rentals in London and Sokcho (Korea). 

    Sadly, it didn’t support listings in Sokcho! They cover most of the markets in the US but they are missing many less-known vacation destinations in the rest of the world. Regardless, I connected my UK listings with Beyond and my first impression of their user interface was delightful! Well, I will also tell you about my last impression later in this blog. 

    I’ll try my best to show as many reviews of existing customers and their overall thoughts on Beyond. Also, I’ll list down all the features to help you get started. A list of good alternatives will be at the bottom as well that have recently been providing more accurate data and great service. 

    What Is Beyond?

    Beyond is a dynamic pricing tool with a market insight dashboard and a direct website builder (Known as Signal).  They use their proprietary AI algorithm to determine the right pricing for your short-term rentals and update your pricing automatically. Just like Uber’s surge pricing, if your market demand changes rapidly, the Beyond Pricing engine will adjust your pricing accordingly. It can be useful for both professional and casual Airbnb hosts. 

    For casual Airbnb hosts,  you are not likely to have in-depth market knowledge, so this specialized tool will set better pricing for your rental so that you make more money. The best thing is it only takes a few minutes to set up, so compared to your time-invested, it has a good ROI. (E.g. You only need to spend 25 minutes to set dynamic pricing and it can give you 1 additional booking/mo)

    For professional hosts, you will have to override their pricing rules frequently since you have your data and system, but it can sometimes catch events that your company didn’t know. It will be a good addition to further optimize your pricing.

    Beyond Pricing Review by Airbtics

    Product Features

    Dynamic Price: Ease of use?

    To get started, you need to set “Base Price” and “Minimum Price”, which are also calculated by the Beyond pricing algorithm. 

    The biggest bummer to me was that they don’t help me figure out the right base price. It suggests a base price but I have no idea how they came up with that number and there isn’t any further information for me to verify it. Other dynamic pricing tools typically show this information and allow you to adjust them. Furthermore, I found this tool a little bit difficult to navigate around because of many less important features, such as stats, filters, and health, and their in-app ads for a referral program.

    Beyond Dynamic Pricing Product Screenshot

    Custom Price Settings

    It’s a critical feature and usually, it is the deciding factor of choosing the right short-term rental dynamic pricing tool, since every markets and listing have unique demands and customers patterns. 

    You can further implement your own pricing rules, such as below:

    1. Last-minute 
    2. Seasonal minimum and maximum prices
    3. Reservation Gap Adjustments (Aka Pricing rule for orphan days)

    I agree on the importance of last-minute pricing. I also thought this reservation gap adjustment is not only a cool idea but they made it super easy to set custom rules for it. However, they don’t have custom pricing settings for the day of the week or market occupancy based. 

    If your market or listing has different demands for specific days of the week, Beyond Pricing may not be the perfect tool. But if you are a professional revenue manager who has set all the prices, but looking to squeeze out the last few more bookings from orphan days, this tool will save your life! 

    Market Data

    Beyond Market Data Screenshot

    Their insights dashboard shows two main things:

    • Competitor’s next 30 and 90 days occupancy rates 
    • Competitor’s next 30 and 90 days daily rates 
    • Past year occupancy rates (only market-level data) 

    I’d say their market data is basic. I’d wish to see booking lead time, next 7 days or 250 days occupancy rates, or real-time bookings in the market, it would be a lot more useful.

    Signal

    It’s a direct booking website builder. This is an interesting but questionable feature. It is interesting because this definitely can help some Airbnb hosts to get more bookings. It will bring more traffic to your listings which will lead to more bookings. Sadly, I had to request a demo to see how this works, and I couldn’t bother to do that.

    Pricing

    The cost of using Beyond Pricing is 1% of bookings. 

    How does it compare with others?

    PriceLabs: $20 or $10 / month 

    Bright Pricing: 0.5% of bookings

    DPGO: 0.5% of bookings 

    Wheelhouse: 1% of bookings

    how much can you make on airbnb

    Existing Customer’s Beyond Review

    1. GetApp
    beyong getapp overall rating
    beyond user getapp review 01
    beyond user getapp review 02
    2. G2
    Beyond G2 Rating
    Beyond G2 filter reviews
    beyond user g2 review 02
    3.  Capterra
    capterra beyond rating
    capterra beyond reviews
    capterra beyond user review 01
    capterra beyond user review 02

    425 2nd St, Suite 602, San Francisco, California 94107, US

    Email Address: [email protected]

    Conclusion

    As someone who managed up to 10 listings at a time as an individual part-time Airbnb host. I don’t think Beyond is tailored for individual Airbnb hosts. This tool may be more suitable for revenue managers from professional vacation rental management companies. Out of many features, one thing that differentiates Beyond is the orphan day pricing setting. 
    In 2022, there are more new dynamic pricing tools out there. I’d like to introduce you to Bright Pricing – it’s built by software engineers and the pricing engine is based on Airbtics’ 2 billion short-term rental nightly rates data. Bright Pricing has some advantages over Beyond. 1) it’s four times cheaper 2) you can adjust your competitors 3) the market dashboard is fantastic 4) and it supports all locations in the world.

    Read More: 

    Wheelhouse Pricing In-depth Review: A VC-funded vacation rental technology, is it any good? 

    PriceLabs in-depth technical reviews – (From software developer & Airbnb host perspective)

    Categories
    Alternatives & Reviews

    PriceLabs in-depth technical reviews – (From software developer & Airbnb host perspective)

    Table of Contents

    Why am I eligible to give a PriceLabs Review? 

    When PriceLabs was launched back in 2014, it took the market by storm. It is one of the three mainstream dynamic pricing tools.

    I also tried out PriceLabs for a couple of months for my rentals in London and Sokcho (Korea). The best thing about PriceLabs is that it was the only solution that supports listings in Korea. Both Wheelhouse and Beyond Pricing still don’t support listings in Korea, but, in 2022, the new pricing solutions, DPGO and BrightPricing, cover my location. 

    I’ll try my best to show as many reviews of existing customers and their overall thoughts on PriceLabs. Also, I’ll list down all the features to help you get started. A list of good alternatives will be at the bottom as well that have recently been providing more accurate data and great service. 

    Welcome to pricelabs

    What Is PriceLabs?

    PriceLabs is a dynamic pricing tool with a market insight dashboard feature. They use their proprietary AI algorithm to determine the right pricing for your short-term rentals and update your pricing automatically. Just like Uber’s surge pricing, if your market demand changes rapidly, this tool will adjust the pricing accordingly. It can be useful for both professional and casual Airbnb hosts. 

    For casual Airbnb hosts,  you are not likely to have in-depth market knowledge, so this specialized tool will set better pricing for your rental so that you make more money. The best thing is it only takes a few minutes to set up, so compared to your time-invested, it has a good ROI. (E.g. You only need to spend 25 minutes to set dynamic pricing and it can give you 1 additional booking/mo)

    For professional hosts, you will have to override their pricing rules frequently since you have your own data and system, but it can sometimes catch events that your company didn’t know. It will be a good addition to further optimize your pricing.

    Product Features

    Base Price Help

    One distinguishing feature is PriceLabs’ base price help. I like how it uses bar charts to visualize the number of other listings in the same pricing bucket. It shows “recommended” and “median market” rates. If you think your listing is more attractive than other listings, you can increase your base price accordingly.

    The major limitation is that it doesn’t really show who are your competitors and example of listings consisting of the bars. So, we wouldn’t know which listings are included in their competitor list. From the looks of it, it only distinguishes properties by their number of rooms. If it’s the case, I’ll be quite disappointed because there are a lot of other factors to consider other than just the number of rooms and location. (Bright Pricing on the other hand shows the entire list of competitors that are used to calculate your base price). 

    By the way, do I agree with their base price? Personally, it did not recommend me the right rate for my listing in Sokcho, but I would say their rate isn’t too far off. My listing is quite unique in a way that it’s a studio but with a loft, so up to 4 people can comfortably stay.

    Base Price Help PriceLabs

    Dynamic Price: Ease of use?

    It’s easy to use. You set your base price, min-max prices, and a few other customization options, then it’ll set your pricing dynamically. The min-max price-setting comes in handy. It ensures my prices don’t go below certain rates, and it’s very useful because some of my clients specifically ask me to not receive guests below certain rates due to their own rules. Some other dynamic pricing tools, specifically DPGO in my case, continually dropped prices too low which caused me to reject a couple of bookings in a row.

    Custom Rule Settings

    You can set four different types of custom pricing rules. 

    1. Last-minute 
    2. Orphan day
    3. Day of the week (Mon, Tues, Fri, etc) 
    4. Occupancy based (I think this is cool)  

    I agree on the importance of last-minute and day of the week pricing, but I’m not really sure how orphan day pricing can be leveraged. Adjusting pricing based on occupancy rate seems interesting, but I don’t understand how to set this setting correctly to earn more. I wasn’t able to find any tutorials around this.

    Core Algorithm

    At the core of their pricing algorithm, they define my listing’s competitors on their own to figure out what prices to recommend. They have a feature where I can see my competitor list, yet, I can only see up to 10 listings’ calendars only. I went through their competitor list but a lot of them are not accurate, and not really my competitors. Foremost, they seem to get my location wrong. My listing is located at Daepo-dong, but they’ve pulled competitors from a center that’s a KM away. 

    PriceLabs Core Algorithm

     It would be nice if they transparently show how they came up with the competitor list and potentially allow me to adjust the competitor list. If my prices are based on wrong competitors, the supply, demand, median nightly rates, I at least want to know that.

    Insight Dashboard

    Their insights dashboard shows three main things: 

    • Competitor’s future prices over next 365 days 
    • Competitor’s future occupancy rates over next 365 days 
    • Which competitors they use for the above two data 

    I’d say the insights they are showing are quite basic. If they show booking leads to time, individual listing’s booking statuses, or real-time (or past) bookings in the market, it would be a lot helpful for me to understand the market.

    Pricing

    Dynamic Pricing: $20/mo / Prices are slightly lower for listings that are not in the USA, Canada, or Europe. 
    Market Dashboard: $10/mo / Prices are slightly lower for listings that are not in the USA, Canada, or Europe.

    how much can you make on airbnb

    Existing Customer’s PriceLabs Review

    1. Trustpilot
    Trustpilot PriceLabs Score
    Trustpilot Review on PriceLabs
    Trustpilot Review on PriceLabs 02
    Trustpilot Review on PriceLabs 03
    2. G2
    g2 pricelabs rating
    g2 PriceLabs Review chart
    g2 pricelabs user review 1
    g2 pricelabs user review 2
    3.  Capterra
    Capterra PriceLabs Rating
    Capterra PriceLabs reviews graph
    capterra pricelabs review 01
    capterra pricelabs review 02

    73 W Monroe St Chicago, IL, 60603-4955 United States

    Ph: (918) 826-3941)

    Email Address: [email protected]

    Conclusion

    If I have to choose from the three dynamic pricing tools (Pricelabs, Wheelhouse, Beyond) that have been around the market for a long period of time, I will choose PriceLabs. It’s because 1) it supports less known cities like Sokcho 2) good onboarding experience and 3) easy to use. 

    However, it’s 2022, and there are more new dynamic pricing tools out there. I’d like to introduce you to Bright Pricing – it’s built by software engineers and the pricing engine is based on Airbtics’ 2 billion short-term rental nightly rates data. Bright Pricing has some advantages over PriceLabs. 1) it’s four times cheaper 2) you can adjust your competitors 3) the market dashboard is fantastic 4) and it supports all locations in the world.

    Read More: 
    AirDNA Alternatives
    Airdna vs Mashvisor (What’s Best for you?)

    Categories
    Case Studies

    Did Covid just destroy the short-term rental market?

    What do the . say about their rentals?

    We have interviewed above 30 Airbnb hosts during the pandemic (Between mid-March – July), and 4 out of 5 Airbnb hosts have broken even.

     

    Some of them had to receive mid-term or long-term bookings, which they wouldn’t have done last year. Those bookings were from various people including 1) people who rented a place to work as a personal office while working remotely 2) people who go to secluded private rental for a getaway 3) a couple who don’t have to work in NY so just decided to stay in their rental in Florida. 

    You can hear their individual stories from our podcast blog. Here are 3 featured interviews.

    Insights from the Airbnb booking data

    • On average, the US market is doing better than Europe and Asia Airbnb markets. 
    • In the US, many vacation destinations have fully recovered or even doing better than last year’s same period in July. 
    • In Asia, the China market is rebounding. 
    • In Europe, vacation destinations like Cornwall in the UK and Nice in Southern France have been recovering fast. 
    • Places with low population density are less affected by the pandemic.

    China YoY Airbnb booking

    Airbnb occupancy rate YoY growth in china

    Europe YoY Airbnb booking

    Airbnb occupancy rate YoY growth in Nice, Cornwall

    US YoY Airbnb booking

    Airbnb occupancy rate YoY growth in Big Bear Lake, Jacksonville, NYC

    Conclusion

    Although the total amount of travel activities were significantly reduced, people are still using Airbnb. It’s worth noting that some regions have recovered fully or even doing better than last year.

    Categories
    Case Studies

    Which cities in the world are most profitable to do Airbnb?

    Just over a year ago, me and my colleague were talking about what would be the highest rental yield one can make whilst working in London. 

    Out of many ideas, one thing that caught my ears was a story from this woman who is doing Airbnb rental arbitrage in Canary Wharf with twenty 2-bedroom units. 

    She would rent a 2 bedroom apartment at £1,800/month and she’d put that house on Airbnb at £180 per night. 

    I did a quick search on Airbnb and Zoopla to confirm those numbers, and yeah, those numbers made sense. 

    That meant if the house is 70% booked, it will make 3,600/month and after paying rent and other expenses, the profit could be easily above 1,000/month per unit. Seems doable. 

    The competition in Canary Wharf seems to be getting intense and I wanted to leave London and live somewhere else in the near future. There must be more better opportunities in other cities.

    If I can continuously identify such opportunities, worldwide, I can be rich. 

    It’s easy to find out long term rental prices. But, how can I find out how much I can make on Airbnb? I can check out nightly rates from Airbnb website, but how do I know occupancy rates? 

    So I started searching for occupancy rates of Airbnb in different locations. The data doesn’t exist. Yes, maybe there is some data online saying “Airbnb occupancy rates in London is 45%” but it is too ambiguous. I needed more detailed information. 

    I’ve found one service offering Airbnb data outside of the US, but it was too expensive ($400+ to see data for 10 cities), and many reviews said data can be inaccurate. 

    That’s when I decided to work on building an affordable and accurate analytics platform. 

    I’ve started scraping data from Airbnb. Millions of listings. I’ve started interviewing Airbnb hosts asking them about their occupancy rates and ROI. 

    After a few months, I’ve started to see the patterns. I’ve built regression models on top of it. Then, scrape data, readjust the models, interview Airbnb hosts and repeat the whole process again and again. 

    The happiest moment is when Airbnb hosts tell me that my number is pretty close to theirs. 

    Feel free to take a look on my app, you can click below. 

    Categories
    Case Studies

    Airbnb booking data from Europe shows sign of a recovery

    Vacation rentals in Europe have just begun to recover. We have analyzed over 300,000 Airbnb listings across various cities in Europe and the UK this week.

    One major pattern that is observed in the past month is that the vacation destinations in countries with high domestic Airbnb guests have started getting more bookings in June 2020.

    For example, the UK has been having high domestic Airbnb guest ratio with above 50% of guests are travelling from the UK. The major coastline destinations in the UK, such as Brighton and Cornwall have experienced a surge in Airbnb bookings as soon as the UK has relaxed the lockdown in 2nd July. 

    Countries like Spain and Italy have been relying highly on international travellers and their bookings aren’t so good yet. 

    Please note that many other cities are not in the below charts but are receiving a healthy amount of bookings. If you’d like to know the number of Airbnb reservations made in June in your area, please use our market research app! (Also, make sure to add your city if it’s not available in the platform)

    Please read this post to understand how we have gathered these data. The charts show the YoY growths in a number of nights booked – from January to beginning of July 2020. 

    4 European Vacation Destinations show a sign of a recovery

    More domestic travellers, less international travellers

    Stay Insightful

    Airbtics is the short-term and vacation rental market research platform. We help rental hosts, property investors, realtors to understand the rapidly changing rental market by providing insights via our web service.

    If you have any further questions about the case study, please contact us at [email protected].

    All the data here without explicit references are sourced and processed by our technologies.

    Categories
    Podcast

    Into the Airbnb EP 12: Gross 50% rental yield. A tiny mobile house in Oakland, CA

    In this episode, we have had a chat with an Airbnb host from Oakland California. His name is Ansel and he owns one mobile house. Here are Some quick facts. He has been achieving above 90% occupancy rate. He makes about $20,000 per year from a mobile house which is valued around 40,000. It’s an incredible return on investment. 

    Summary!
    How he got started with Airbnb rental 0:52
    Occupancy rates & and his experiment with different pricings 2:34
    Revenue is around $3,000 13:15
    Net profit is around $1,700 14:13
    How much would it cost to buy a tiny mobile like this in Oakland. 17:08
    tiny-house-oakland-airbnb

    So tell me, how did you get started with running your rental on Airbnb.

    Ansel 0:58
    So one of the things That when I started I I was focused on the tiny house because I knew that nobody else had a tiny house in my area like an actual tiny house on wheels, the car you see on TV, and the thing about my location is that it’s not the ideal location there’s not a lot of places to to go either on bars. So if you’re looking for location most people would rent in another area right? So I asked myself what what else can I do to not necessarily compete but set myself apart? Because I’m dealing with the location issue. Now. I never had any issues with bookings, but I wanted to raise my price. So what I did was I did some research and and I determined that my tiny house needed to be Instagram bubble, right. I needed it to be Be a place where people wanted to take pictures, pictures, pictures, pictures. Now they already took pictures, because it’s a tiny house. But I decided to redesign my interior. I put up artwork, I painted for walls, new furniture, and I made it made it pop, right. I wanted people to say wow, like I really wanted to blow people away. And so when I did that it worked. To where I was, I was able to go from $60 a night to 90 a night.

    Occupancy rates of his Airbnb listing in Oakland (CA) & and his experiment with different pricing

    Jae Seok An 2:34
    Right? Right and feature was it? Excuse me what year yeah 2019 right. So that’s when you first listed your that tiny house on Airbnb. 2018 is when I first listed it, right?

    Ansel 2:52
    And then a 2019 is when I remodelled it and then I raised the prices. I’ve been a super hostess My first evaluation period that was that was pretty easy because I do a lot of really big on cleaning and I only have one listing. So it’s easy for me to control quality control. Right, right. And once once I did that my occupancy rates Well, I could I could run at 100%. But I did more research and I realised that it’s better to have those higher price bookings. And, you know, if you’re, if you’re at 100% occupancy, your price is too low. That’s what they say. Right. And so in doing that research, I was able to, even when I raise the prices, people would still book so I kept raising the price right? In trying to find that sweet spot, but I never used any of the automated price. I never use any of the tools like the Airbnb has a tool And then there’s a, there’s a couple other platforms where they’ll adjust your price for you, I forget what they’re called. But out because I only had one listing, I wanted to do everything myself. And I also because I work full time as well, right, and I have a son, I didn’t want to overwork myself with cleaning because I didn’t outsource my cleaning. Because I feel like that was one of the things that would have really, really, really, really wanted to maintain my my five star rating. And I was afraid that if I hire someone, they wouldn’t clean it. The way I would think about entrepreneurship is sometimes you have to get out of your own way. Right? If you want to scale up, you have to outsource things. And because I wasn’t in the process of scaling, I never outsource my cleaning. So I increase my minimum, my minimum nice day, right and when I did that, It made it easier for me.

    But then

    my son’s mother, she had resigned from her job. And she had, you know, a lot of free time. I said, Hey, do you want to, you know, help out with the Airbnb? And she said, Sure. So then I went back to, to allow one night bookings, but I raised the price, right? So if you’re going to book one night, raise the price. If you booked for more nights, there’s going to be a discount. But to my surprise, people were booking at that ridiculous price.

    Jae Seok An 5:35
    Right? So what’s the discount that you’re giving if people book for more than a diet?

    Ansel 5:42
    at that? Well, right now it’s different, right? COVID-19 but at that time, I was, I want to say like 20% 15 10% so it wasn’t a lot, right. But I wanted to make it you know how to do it. value because a lot of people are looking for price, right? There’s some people that want to try a tiny house. And then there’s, you know, avid travellers, they’re trying to look for the best price. Right, in a clean space. So it was that it was that balancing act, you know, wondering, are people coming to me for the price? Or are they coming to me for the experience? Right. And I determined that the experience that I offer superseded price, right there were there was the market allow for a lot of people who really want to try out a tiny house, right. So people who are looking to save money. I didn’t have a problem because there were so many people travelling to San Francisco to the Bay Area. We have so many people travelling that that I didn’t have to worry about. I kept figuring out that I can continue to raise and raise and raise and then I got I got featured in the local news. They did a story on my tiny house. So I was able to raise the price again.

    Jae Seok An 7:06
    Right? So how much did you raise? Like?

    Ansel 7:11
    So I was at the highest that I went per night was 130 and night for days where there was like an event, because I told you, I’m next to the Coliseum. So for like concerts and stuff like that, that’s why we’re but on average, I was between 90 and 100. And remember, I started at 60.

    Jae Seok An 7:34
    Right, right. So when you’re at 9200, how much of the occupancy rate is you managed to get?

    Ansel 7:41
    I want to say I was at about 90%. occupancy.

    Jae Seok An 7:44
    Well, still, you’re at that. Yeah. Yeah. Why don’t you increase even further?

    Ansel 7:51
    We said why didn’t there? Yeah.

    Jae Seok An 7:54
    COVID-19. All right. So you’ve been increasing and increasing and then the pandemic hits. Yes, yes. Okay, so what’s your currency trading now? Because I had a look on your calendar and similar night or

    thousand dollars a night. Next?

    Ansel 8:11
    Well, the reason why I did that is because, well, I’m in the process of deciding do I want to shift to long term,

    Unknown Speaker 8:23
    right?

    Ansel 8:24
    Or do I want to stay with short term I’m definitely not doing any one or two, I think it’d be my minimum is going to be at the minimum, five or seven days. But because of the pandemic, I bought an ozone machine and ozone machine is supposed to kill anything in the house is very toxic. You can’t run it, whether it’s you know, plants or animals or anybody inside the house. But if you run the machine, it will kill anything and then you have to air it out. So I want to give myself at least three days between guessed right. And I also wanted to give myself some time to figure out what’s going to happen. So the reason why I set it at 1000 is because I don’t want to block off my calendar because I still want it to show up. And people searches, but I know nobody’s gonna book it right. So I still have people looking at it like, what the hell? Why is this $1,000 and they can feel send me a message and inquire but this is just to give myself time to really look at the market and decide which way I want to go because I really, really like Airbnb. And then I can easily put a long term tenant in there outside of the platform. Right But um, I like the platform a lot and I’m in the process of becoming an Airbnb plus, right. They started to actually have my inspection day was supposed to be this week. But the lady who was scheduled to do my inspection for Airbnb, she got laid off. Oh, so I don’t know what’s happening that Airbnb. But they laid her off. And I made all these improvements You know, there was only a few they only asked me to do a couple things to make it Airbnb plus already. Yeah, now I’m wondering like what’s going to happen with the plus programme? Because I don’t know. But the reason why I put in 1000 tonight is because I want to I want my calendar to be clear whenever I decide to you know, whenever I’m whenever I’m going to do so I still have a couple people holding on and I’m giving full refunds if they can’t if they ask me soon enough, but if they wait to the last minute because my my, my cancellation policy has is strict. And I I set it as strict because I don’t want people to book and wait to the last minute and then cancel. And you know, I only have one listing. Right, right. So now I have five days to try to fill that slot. It doesn’t work for me. Because I am confident that my listing is so cool. It has that cool factor Instagram factor that strict. It never stopped people from booking. Right. But for the people that booked in I had it set to strict. I’m still honouring those full refunds, if they can’t if they if they contact me with Apple time, you know, but some people don’t want to cancel, they want to wait. So I said I won’t be able to honour the full refund if they cancel at the last minute, right, but if they want to cancel now, I don’t know those refunds.

    Jae Seok An 11:37
    Right? I see. Yeah, you’ve mentioned that you were in the process of keeping increasing the price to like see what’s the sweet spot of the open rate versus price. Are you planning to do that again when the pandemic over? Yeah, as

    Ansel 11:57
    soon as the pandemic hit, I immediately drop my prices, right as nobody travelling, so I looked, I dropped it really, really low. Because you know, that’s just the market, right? If you want to get booked, right got to drop those prices when when the pandemic ends hopefully soon. I’m going to go by the market, right? I’m going to, you know, basically I’ll start off low, and then and then it is getting booked quickly, then I’ll raise it right. Because we don’t want to be at a I don’t want to be 100% occupancy. And then also because I you know, it’s on my property where my house is right next to it. And it’s kind of good to have a few days where I can do some deep cleaning, or just not have you know, guests coming because every time I have guests, I’m kind of on edge, making sure that things are perfect. I want them to you know, I’m really you know, serious about my ratings. So, I’m always making sure that they have everything they need. I give a lot of extra stuff. frozen food, instant ramen, water. Beer, I give a lot of extras because I really want them to have a really good experience, right? something different than the normal, right?

     

    tiny-house-oakland-airbnb-2

    His Airbnb’s revenue is around $3,000 per month

    Jae Seok An 13:15
    Yeah, I see. When you said you had like a 90% occupancy rate, then at like hundred dollars per night, that’s around $2,700

    revenue per month.

    Ansel 13:31
    And also higher.

    Jae Seok An 13:32
    Or even higher than that. Yeah. Including the light cleaning fees with additional gas. Yeah, yeah. Right. So how much was it around?

    When you’re at the pink?

    Ansel 13:45
    I will say 3000.

    And that wasn’t even 100. Right. A couple of days blocked off. Right? Yeah. And the know how much can you earn if you put that into the Long Term rental in that, oh, I will only be earning, you know, maybe maybe 12 to 1300 a month, like, you know, less than much less than 50%.

    Jae Seok An 14:13
    Okay, so like after $3,000, like how much of them? Are you spending on, like painting pay for the cleaning fees paying for supplies?

    Ansel 14:24
    I would say

    I would say

    about about 1300.

    Jae Seok An 14:35
    About 1300. So that’s around 1700 after like everything right, right. Yeah. Which is still higher than Yeah, much higher long term rental. Okay. Mm hmm. Are you thinking about like running a few more Airbnb properties because you’re doing well?

    Ansel 14:53
    I am exactly I’m actually going to buy another tiny house. I have. I have space on my property for two more tiny house. Okay, yeah. So and then I also have a studio I converted my garage into a studio. So I have a long term tenant in there. She’s a long term tenant. They’re a tiny house Airbnb and and I can get two more half space for two more tiny houses. So I’m definitely planning on doing that. I’m just waiting for the market to see you know, I want to get things at a discount, right? now’s a good time to buy stuff at a discount. But I also want to see what’s going to happen with travel. Right?

    Jae Seok An 15:32
    So yeah, so about the two of two houses that you’re thinking of by easy like we’re in the same building as your house.

    Ansel 15:40
    Yeah, but these are gonna be smaller. So mine is a my tiny house is 25 feet long, right? lumen, there’ll be 14 feet long. And then they’ll also have composting toilets, right? So it’s gonna be a little different.

    Jae Seok An 15:54
    Right? So are you we I don’t really get it. So are you buying the new

    house? Or is it our already waiting you’re building.

    Ansel 16:02
    Oh, so yeah, I’ll be buying the tiny houses. They’re on wheels. They’re on the trailer.

    Jae Seok An 16:07
    Okay, yeah, so moveable house?

    Ansel 16:11
    Yes. Yes. They’re on wheels. They’re built like a regular house, but they’re on trailer. So we buy it, and then they deliver it and then I park it.

    Jae Seok An 16:20
    Right. Wait. So this house that you’re renting on right now is also the movable house.

    Ansel 16:27
    Yes. It’s a typo right

    Unknown Speaker 16:29
    there. You meant

    Ansel 16:31
    tiny house on wheels.

    Jae Seok An 16:32
    Yeah. Okay. Wow. Right.

    Like, how does that

    work? Do you have to also buy the right to like,

    Ansel 16:39
    park? No, no, no, it’s not my it’s not my property. So technically speaking my neighbor’s there was a time where they could they could petition the city to say that it’s a blight, you know, an eyesore yet, but I don’t live in that type of neighbourhood. As a matter of I have a nicest house in my neighbourhood. And my neighbours love me. So it’s not a blight per se.

    Jae Seok An 17:08
    Okay, and so do you mind sharing how much it would cost to buy a mobile like tiny house like the one you have.

    Ansel 17:17
    So mine’s right now probably be the one that I have right now probably 50,000 maybe a little less because of the market. And also depends on where you buy it. Like where in the United States where you buy it from, because things are cheaper on the east coast and down south and I’m on the west coast in California where the cost of living is more expensive, everything’s more expensive. But right now, I can get a 14 foot for 18,000 and possibly less if I do some of the work if I tell them you know, don’t paint it. Don’t you know, if I just get the shell and I tell them you know, I want to do the cabinets and stuff and can be cheaper. So I will be able to add two more listings for about $40,000.

    Jae Seok An 18:08
    Wow, that’s really a great return on investment because yeah, making around $20,000 per year.

    Ansel 18:15
    It cost me 35,000 to buy at the first one. Yeah.

    I can’t think of any any other ROI like that.

    Jae Seok An 18:24
    Yeah, that’s, that’s really crazy. Yeah. Yeah. Finally, what are the top challenges about running Airbnb with the tiny house with the mobile house?

    Ansel 18:38
    I say that the, the challenges are

    cleaning in and because it’s a smaller space. You really have to make sure you have to get into the tight spaces and clean right it takes a little while. It takes a little longer to clean. It I say about about a minimum two hours.

    Jae Seok An 19:07
    Right?

    Ansel 19:09
    Unless you’re rushing, right.

    But I don’t have anything to compare it to, I would say cleaning. And

    other than that.

    Yeah, that’s the only the only challenge that I’ve had is, you know, making sure that I

    Jae Seok An 19:26
    give myself enough time to clean. Okay. Yeah. And then. Yeah, that’s it. All right. Yeah. I think you’ve got a really, you found a really nice,

    good investment vehicle. Absolutely.

    Yeah, that was it about the interview. Okay.

    I appreciate you. Your appreciate your time interviewing me. Yeah. I thank you so much for sharing your story. And thank you for being on here. All right. All right. I’ll talk Do you agree? All right, thank you. Have a nice day. Bye bye, YouTube.

     

    Categories
    Case Studies

    US Airbnb market snapshot (2020 June) during the pandemic

    Vacation rentals in the US have been rapidly recovering since June. We have analyzed over 200,000 Airbnb listings this week. Our research showed that the Southern States, like Texas, South Carolina and Florida, have successfully made a comeback, yet New York and California states are still struggling. 

    Please note that many other cities are not in the below charts but are receiving a healthy amount of bookings. If you’d like to know the number of Airbnb reservations made in June in your area, please use our market research app! (Also, make sure to add your city if it’s not available in the platform)

     

    Please read this post to understand how we have gathered these data. The charts show the YoY growths in a number of nights booked – from January to June 2020. 

    Airbnb listings in these cities are doing well!

    Airbnb listings in these cities aren't..

    More domestic travellers, less international travellers

    Stay Insightful

    Airbtics is the short-term and vacation rental market research platform. We help rental hosts, property investors, realtors to understand the rapidly changing rental market by providing insights via our web service.

    If you have any further questions about the case study, please contact us at [email protected].

    All the data here without explicit references are sourced and processed by our technologies.

    Airbnb Data
    Airbnb Data

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