Property Business: 8 Tips To Get You Started In Your Airbnb Business.
/Many people are using this strategy to generate exceptionally high returns for themselves! Want to join them?
The Serviced Apartment (Airbnb) idea is essentially creating a hotel environment in a property which is let on a nightly or short term basis to guests on platforms such as Airbnb or Booking.com.
The projected number of Airbnb users in Europe this 2020 is 24 million. Airbnb’s target demographic is usually travellers looking for spacious and comfortable place to stay that is also affordable and functional.
Many are using this strategy to generate exceptionally high returns! Want to join them?
Here are some tips to get you started in your airbnb business:
Is there demand? Research travel statistics as well as your intended location to have an indepth knowledge of your market.
Who will your clientele be? Create a persona of your ideal client. This will come in handy when you are thinking of the interior design.
Find a suitable property. To buy or Rent to SA? That is a question only you can answer based on your financial capability.
Be design led when doing up the interior. Create a cohesive and comfortable space that is visually appealing and puts you ahead of your competition in your area.
Add value; create an experience for guests. Think about including excursions, wine tasting event, a private chef or concierge services, a guided walk, use technology such as AI or VR etc.
Put systems in place to manage flow. Systems enable you to measure, meet expectations and scale up faster.
Brief your cleaners on maintaining a high standard. A clean and well maintained space is a winner every time. It will also get you great reviews and slow down your maintenance bill in the long run.
Market! Social media marketing has widened the opportunity of targeted marketing, use it to your advantage.
At Studio 19Twelve, we work with investors to create exclusive elegant spaces that speak directly to your target market and help you stand out. We can help you with designing, furnishing and styling your serviced apartment. Talk to us today!
