Great guests and the best hosts deserve to have more direct access to one another. We are looking for hosts who understand the value of qualified, long term guests that help increase occupancy and revenue.
Become A HostThat is obvious, but the goal is to be 100% occupied with the best rate possible. What do you charge to achieve this? The answer isn’t exact, it depends when and for how long. The right strategy is a mix of long-term guests at lower rates combined with higher rates for seasons, events and holidays.
Here is an example of a unit rented only on the weekend vs. one rented for a week:
The weeklong guest paid half the rate but made the property more money. To compare, you divide the revenue by number of days it was able to rent, this is called revenue per available room(RevPAR).
A $300 weekend/7days = $42.85 RevPar compared to the $50/night for the week. You make more money and host a better guest.