In this post, I’m walking you through exactly how to access and utilize this data to build a profitable Airbnb business. Average booking lead time in your area (how many days in advance the average reservation is made).Seasonality (how demand in your area changes throughout the year).Your competitors’ occupancy rates (booked vs.Monthly revenue projections specific to your property.Once your Airbnb is up and running, MarketMindergives you all the data you need to optimize your pricing and maximize your Airbnb revenue, including:.Before you buy an Airbnb property, you can use MarketMinder to determine whether or not a property is worth investing in.(And if you still have questions, their customer service team is super responsive.) As an Airbnb host, MarketMinder is helpful in two essential ways: Plus, AirDNA provides helpful information throughout its platform to help you understand anything potentially confusing. So, you’ll see “ MarketMinder” everywhere on the AirDNA website (that’s good, it means you’re in the right place!)ĪirDNA’s MarketMinder is incredibly easy to use. Overview AirDNA short-term rental data & analytics platform | Source: AirDNAīefore we jump in, I want to clarify one thing: AirDNA’s analytics platform is actually called MarketMinder. Is AirDNA MarketMinder worth the price?.What do you get with AirDNA MarketMinder?.As an Airbnb host, MarketMinder is helpful in two essential ways:.I truly don’t know what I would do without it.ĪirDNA’s easy-to-use data and insights platform provides some of the best short-term rental analytics in the world at a very reasonable price.īut what do you actually get with AirDNA? How can you best use this tool to maximize your Airbnb revenue? Is AirDNA data even accurate? I’m covering all that and more, below. If you use the right tool, determining the nightly rate that maximizes your Airbnb revenue can be pain-free (well…as pain-free as possible.)Īs an Airbnb Superhost, I use AirDNA every week.
That’s because determining your nightly rate is tricky, time-consuming, and filled with uncertainty.Īt the same time, your pricing on Airbnb is the single biggest factor impacting your income.
Read my full disclosure policy here.Īs an Airbnb host, one of the hardest things you’ll do is determine your pricing. If you click a link and make a purchase, I may earn a commission at no additional cost to you.
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