Simple Ways to Maximise Your Holiday Let’s ROI
The appeal of a furnished holiday let - the freedom, the flexibility, and the potential for a great return - is undeniable. We’re about to enter peak season for holiday lets, and with more people choosing to travel domestically, it’s no secret that holiday let owners are about to see their business thrive!
To turn your airbnb into a thriving income stream, you need a strategic approach to maximise your return on investment (ROI). We’re diving into simple strategies that will boost the ROI from your holiday let.
Take Advantage of Peak Season
Flexible Stays Are Your Friend
While one or two-week bookings are fantastic, in peak season it’s beneficial to embrace the flexibility of shorter stays that cater to mid-week, weekend, and last minute breaks. Filling those gaps in your calendar will only attract more guests, maximising your income.
Be Dynamic With Your Pricing
Adjusting your rates is key to ensure your holiday let remains competitive. With summer on the horizon, we recommend researching to find out when local events are taking place to help you understand how to amend your pricing accordingly. This means you maximise on higher demand without losing bookings during slower periods.
Become A Holiday Let Superhost
Cater To Your Ideal Guest
Know who your target market is? Families, or couples perhaps? Whoever your ideal guest is, make sure your property is well-equipped with the amenities they need. This can make all the difference to your guests and their stay, leading to your holiday let receiving 5* reviews which will translate into bookings for you long-term!
Unlock The Power of Pets
A big selling point of holiday lets is guests being allowed to bring their furry friends! Being pet-friendly can open up your airbnb to a wider market, only improving your occupancy rate and passive income. We recommend the terms and conditions of letting your property have clear set pet guidelines, and a small fee to cover the cost of any additional cleaning that may be required.
Know How To Present Your Holiday Let
Multiple platforms = Multiple Bookings
Advertising your holiday let on more than one platform, opens up your airbnb to a much wider net, maximising your property’s exposure driving even more bookings for you.
Showcase Your Property’s Features
Investing in professional photos that showcase your holiday let in its best light, will help to set your airbnb apart from the rest. Showcasing the best of your property will maximise bookings for your holiday let throughout the summer.
It’s all about the guest experience. By implementing these simple strategies, you can transform your holiday let into a fantastic investment. After all, happy guests lead to repeat bookings and increased income, maximising the ROI of your holiday let.
As specialists in holiday let management, we understand implementing these strategies can turn into a full time job. You may not have the time or the desire to dedicate to managing your holiday let 24/7, and that’s where we come in.
Our end-to-end service means we take care of everything for you, from listing your property online on sites such as Booking.com, to cleaning and maintenance, and guest communication to ensure they enjoy a 5-star stay. You will get back valuable time, all while we help to maximise your income and the ROI from your holiday let.
Get in touch with our team today to discuss maximising your holiday let’s ROI.