Find out how many Airbnb bookings per day you should be expecting. It’s no secret that the sharing economy is growing at an exponential rate. From rideshare services like Uber and Lyft, to peer-to-peer marketplaces like sites like ThredUp and Poshmark, it seems as if every business and service is being redefined with the “sharing” tag attached to it. As a result of this rapid growth, there are many opportunities for entrepreneurs looking to get in on the action. However, not all businesses in the sharing economy are created equal. While some businesses may seem straightforward (like an Airbnb bed-and-breakfast), others require more capital or expertise to launch successfully.
If you’re considering launching an Airbnb business of your own, you should know that you won’t be making money hand over fist right away. To succeed as an Airbnb host takes time, energy, and investment — but the rewards can be great! Keep reading for the insider scoop on how many bookings per day you can expect from your first Airbnb property…
Airbnb Market Size
First, let’s take a quick look at Airbnb’s impressive market size! Let’s start by reviewing some of the facts and figures about the Airbnb marketplace. The first thing to know is that Airbnb’s total revenue was $10 billion in 2018 — up from $450 million in 2012. This rapid growth is a great indication that the Airbnb marketplace will continue to expand even more in the future. The Airbnb marketplace is one of the most diverse in the world. From London to Los Angeles, you can find just about any type of Airbnb rental imaginable. Airbnb hosts can earn money with the following rental types: Bed and Breakfasts, Houses, Apartments, and even Spaces such as boats, yurts, or treehouses.
Airbnb is expected to generate more than $100 billion in revenue by 2026, which is a massive increase from $2.3 billion in 2016. The majority of Airbnb’s users are millennial travelers, with the age group making up around 80% of millennials who use Airbnb. Millennials are also responsible for booking 80% of all Airbnb stays. Additionally, approximately 50% of business travelers stay in Airbnb units when traveling. This is expected to continue increasing as the market and size of Airbnb continue to expand. Here is also the link to Airbnb fourth quarter and full-year 2021 financial results.
How Many People Use Airbnb Each Day?
You might think that you’d see thousands of bookings per day just by launching an Airbnb business, but you actually might not see many bookings at all! The number of bookings you receive each day will depend on a variety of factors, including where you are located, the type of unit you offer, and the price of your unit.
First, consider where you are located. If you’re in a popular tourist destination, you will receive more bookings than you would if you were in a remote location with few tourists. Unfortunately, the Airbnb occupancy rate isn’t always predictable, even in popular tourist destinations. You might wonder why someone would book a hotel room when they can stay in a private apartment for less money.
How Many People Book Through Airbnb?
Although the Airbnb market is massive, not all cities are created equal — some are busier than others. How many people use Airbnb in your city on a daily basis? If you live in a place like New York City or Paris, you can expect more bookings than if you lived in a less touristy city such as Boise, Idaho, or Fairbanks, Alaska.
If you want to get an idea of how many people use Airbnb in your city, you can examine Airbnb data from the Host Location report. The report shows the top 20 Airbnb cities and their daily rates. If your city isn’t listed, you can still use this information to get an idea of how many people use Airbnb in your area. In general, the busiest Airbnb cities are New York City, Paris, London, Tokyo, Berlin, Sydney, Dubai, Singapore, Hong Kong, San Francisco, Vancouver, and Sydney.
What Is a Good Airbnb Occupancy Rate?
If you’re just starting out with Airbnb, one of the first things you’ll want to know is what a good Airbnb occupancy rate is. If you’ve done your research, you’ll know that there aren’t set standards for occupancy rates. In fact, there are many different ways to calculate the occupancy rate for your Airbnb property. The easiest way to calculate occupancy is to examine your Airbnb booking calendar for a week or two. Simply count how many days your Airbnb property is booked (out of 7). If you have 3 or 4 bookings one week, and 4 or 5 the next, your occupancy rate is fairly consistent and you’re on the right track.
A good Airbnb occupancy rate depends on your location, the type of unit you rent, and its price. For example, an Airbnb in New York City will generate more income per night than the same-priced Airbnb in Norman, Oklahoma. For the average Airbnb, an occupancy rate of around 60% to 70% would be considered a good Airbnb occupancy rate. Some places, like New York City, have an occupancy rate of around 50%, while smaller towns like Norman, Oklahoma, have an occupancy rate of around 90%.
How Often Is Your Airbnb Booked?
If you’ve stayed open-minded about your ideal Airbnb occupancy rate and you’re pleased with the number of bookings you’re getting, there is another important metric you should be tracking: how often your Airbnb is booked. If you have an apartment, house, or bed-and-breakfast, you likely have a maximum number of guests you can host at any given time. When you’re hosting 6 people at once, it’s unlikely that your Airbnb will be booked 6 times a week.
If your Airbnb is booked 6 times a week, you are providing an in-demand service that many people would like to have. This is a great sign for your Airbnb business.
If your Airbnb is booked consistently, you are likely making a good amount of money each month. The amount of time a booking stays booked will vary between types of Airbnb units. For example, a nightly rental will have a different number of bookings than a weekly rental. If you’re booking your Airbnb frequently, this is a good sign that you are providing a valuable service to your community.
However, it is crucial that you maintain a positive relationship with your neighbors to avoid any problems with Airbnb neighbors in the future.
What Is the Average Booking Rate on Airbnb?
The average booking rate on Airbnb varies. However, you can expect to make around $85 per night for a standard room. This number can vary greatly, depending on the room type, location, and demand of the room. Keep in mind that the booking rate doesn’t include taxes, cleaning fees, or any other fees associated with running an Airbnb. While you do receive 75% of the booking rate, there are various other fees you should expect to pay out of pocket, like taxes and cleaning fees. These fees are usually between 12% and 20% of the booking rate, varying depending on your city.
What Is a Normal Booking Rate on Airbnb?
The average booking rate on Airbnb is tricky to determine because it depends on the type of Airbnb property you’re offering. For example, you can often charge more for a one-bedroom apartment than for a single bedroom. In general, the average booking rate on Airbnb is $80-$125 per night.
If your Airbnb is in a high-demand area, you can charge even more. For example, if you have a large property in New York City, you can charge $250-$350 per night because demand for those types of properties is high. However, if you live in a small town in the middle of nowhere, you may have to settle for the average booking rate of $80-$125.
How Many Airbnb Bookings Per Day Can You Expect?
As you can see, there isn’t a clear and definitive answer to how many Airbnb bookings per day you can expect. The rate depends on a variety of factors, including the size of your property, the location of your property, and the price of your nightly rental.
However, if you’ve done research on the Airbnb business and you have a good idea of what you’re getting into, you can expect 1 to 2 Airbnb bookings per day. If your Airbnb is in a large city such as New York City or Paris, you can expect more bookings per day. If you have a small, private room in a major city, you can expect fewer bookings than if you have a large, luxury apartment in a major city.
However, this number could be much lower if you offer a unique or challenging unit to book. Some Airbnb units may only be booked once per month, while others are booked frequently.
How to Get More Bookings on Airbnb?
Now that you know what to expect when you launch your Airbnb business, let’s talk about how to get more bookings on Airbnb. Successful Airbnb hosts engage with their guests and get great reviews. If you want to get more bookings on Airbnb, you need to keep the following tips in mind.
- First, respond to all guest inquiries as quickly as possible. If you’re not responding to inquiries, guests will assume that you’re not interested in their business.
- Secondly, make sure that your Airbnb listing is as appealing as possible. The more attractive your Airbnb listing is, the more guests will want to stay there.
- Finally, price your Airbnb rental fairly. Guests want to stay in an Airbnb that’s reasonably priced while still providing a good value.
If you want to get more Airbnb bookings and become a successful Airbnb host, you need to do your research and put in the work. You should understand your market and the types of Airbnb units your community needs.
- Are there a lot of families in your area?
- Or do you live near a university?
- What type of units do families need?
- What type of units would students prefer?
Once you’ve established what type of Airbnb units are needed in your area, you can start promoting your Airbnb. To get more bookings on Airbnb, you need to have a clear, eye-catching ad that pops and invites people to book your unit.
The Importance of Marketing to an Airbnb Host
If you want to get more bookings on Airbnb, you have to market your Airbnb rental to guests in the area. However, if you live in a rural town with little to no tourists, you may find that marketing to guests is a challenge. You can overcome this by joining Airbnb hosting communities where Airbnb hosts can post questions and get feedback from one another.
You may also want to consider joining your city’s tourism board where you can ask other tourism board members if they would like to stay at your Airbnb rental. If you live in a rural area, you may want to consider partnering with a nearby tourist attraction or hotel. You can offer to shuttle tourists from the attraction or hotel to your Airbnb rental, and then shuttle them back.
You may be thinking that you just need to list your Airbnb online and it will be booked instantly. Unfortunately, that isn’t the case!
You need to market your Airbnb and let people know that it is available for booking. To have continuous bookings on your Airbnb, you need to market your Airbnb property. This means you should have a professional Airbnb listing that is easy to find on search engines. You should also be promoting your Airbnb on social media, such as Instagram and Facebook.
How Much Does Airbnb Take Per Booking?
Airbnb takes a percentage of each booking. Airbnb takes a 20% cut of each booking, while hosts keep the remaining 80%. This is a nice arrangement for hosts since they receive most of the booking rate. However, you should keep in mind that there are taxes and cleaning fees that you will be responsible for paying out of pocket. Taxes will vary based on your city, but cleaning fees are typically around $40 per booking.
Bottom Line: Is Airbnb Worth Doing?
Airbnb is a great way to make money as a host, provided you have a desirable property and guests are looking for what you have to offer. If you want to start an Airbnb business, you’ll have to do your research and be ready to hustle. Because Airbnb is a peer-to-peer marketplace, you will have to work hard to stand out among other hosts. However, if you follow these tips and make smart decisions, you can turn your spare bedroom into cash.
Is an Airbnb Business Worth It?
If you’re looking to make some extra cash, Airbnb is a great way to earn passive income. Airbnb is also a flexible way to make money, and you can work when you want and for as many hours as you want. If you’re thinking about launching an Airbnb business, make sure you understand the market and the types of units your community needs. Then, put in the work to market yourself and your Airbnb and you’ll soon be making money while you sleep! If you want to make money from home, Airbnb is a great way to do it. By making smart decisions and putting in the work, you can be successful as an Airbnb host!