Airbnb is one of the fastest growing online marketplaces, enabling people to easily find and rent accommodation when they go abroad. Hotels and hostels are no longer the only options; travelers can spend your holiday in a comforting home and fully immerse yourself in the local culture. With listings in 34,000 cities in 191 countries around the world, the market is huge, and if you have a room or a property that isn’t in use all of the time, this is a prime time to turn your spare real estate into cash!
It can be very difficult to know how much your space is worth though; a one night stay in a flat in New York might be worth a totally different price than a flat in Paris. The demand might also change from one week to another within the same city. To avoid this dilemma, you need Vayoo to help you find the perfect price for you and your clients. Our dynamic pricing tool makes price recommendations based on a whole host of variables that affect the demand for a given area.
With area analytics, you can see your area characteristics, how they have changed over time and the impact they are having on the price of your property. Vayoo will also provide you with daily information on other Airbnb properties in your area and the bookings they have received, to help you identify what you need to do differently to secure extra bookings.
There’s nothing more annoying than finding out that your neighbor has been charging more than you for their property and you’ve been missing out on easy money. Economic performance analysis will tell yours and your area’s average revenue so you can compare them and see how much progress you are making.
Airbnb provides a great opportunity to turn any spare space you have into money, but knowing how much it’s worth is a difficult task. Vayoo sets out to help you easily identify what price you should list your property at, and then it’s up to you to make it the best place to stay on your street. Accessible from any device, whether it be your laptop, tablet or smartphone on any OS, you can always be sure that your listing is at the most optimized price.
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