In summary, here are the key ways you can use AirDNA to get a better ROI on your properties:ĭynamic Pricing – As we touched on above, it’s hard to settle on the best possible price to rent your properties out for.
Being able to use it to your advantage is another. Hitting the sweet spot where you’re pricing low enough to attract bookings and high enough to get the maximum per booking cross.īeing given accurate market data is one thing. This is the kind of data that enables you to set the most optimal price for your listing instantly. This is what Wheelhouse does, and what AirDNA is trying to do as well. Now, imagine you had daily data showing you exactly what prices all the other similar properties listed on Airbnb were listed for, their booking lead times, occupancy, how seasonal trends affect prices, some AI-powered insights into forecasts, and more. There are two problems with doing this it’s very time consuming, and you’re always working one step behind by looking at historical data.
The problem with doing that is that you’re likely to either miss out on bookings or rent your property out at a less than optimal price.Įither way, as the property owner, you’re not going to accurately know whether or not you could have listed your property for more without manually checking similar properties. Think of it like this if you have a rental property in Las Vegas, without software, all you can do is look at similar listings and maybe factor in some seasonality to come up with a price, right?
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