Top Tips For Increasing Revenue In Your Serviced Apartment

2023-03-27

Top Tips For Increasing Revenue In Your Serviced Apartment
  1. Optimize your listing: Make sure your listing is attractive and accurate. Use high-quality photos and a detailed description to give guests a clear idea of what to expect. Be sure to highlight any unique features or amenities that your property offers. 
  2. Price your listing competitively: Research the prices of similar listings in your area to make sure your pricing is in line with the market. You can also experiment with different pricing strategies, such as dynamic pricing, to see what works best for your property. 
  3. Improve your guests' experience: Invest in comfortable linens, provide basic amenities like shampoo and soap, and consider including small touches like a welcome basket to make your guests feel at home. 
  4. Respond quickly to inquiries and messages: Potential guests want to know that you're responsive and easy to communicate with. Make sure to respond to inquiries and messages as soon as possible to increase your chances of booking. 
  5. Encourage guests to leave reviews: Positive reviews can help attract more guests to your property. Send a follow-up message after guests' stay and ask them if they would be willing to leave a review. 
  6. Utilize the Extra Service : Hosting extra service can help increase your revenue from your property. You can offer services such as airport transportation, meal delivery, or cleaning services to your guests for an additional fee. 
  7. Utilize the Special Offer: Creating a special offer like last-minute deals, long-term stays or loyalty program, can help you fill gaps in your calendar and increase your revenue. 
  8. Make your property available for events: Consider making your property available for events such as weddings, photo shoots, or corporate retreats. These types of bookings can bring in a significant amount of revenue and can help fill your calendar when regular guests are scarce. 

In conclusion, You can increase your revenue on Airbnb by optimizing your listing, pricing it competitively, improving your guests' experience, responding quickly to inquiries, encouraging guests to leave reviews, Utilizing the Extra Service and Special Offer and making your property available for events