Airbnb Locations that are KILLING IT in 2020
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Where is the best place to run an Airbnb in 2020? Find out how things are changing and where the most lucrative locations are.
Today, we’re going to talk about Airbnb locations that are killing it in 2020. We know how important it is to be adaptable when it comes to Airbnb, whether you’re intending on investing in properties, or starting to manage other people’s properties. If you have the flexibility to manage in different locations and are looking at areas that are very lucrative for the foreseeable future, then this video is for you. If you want to learn more about investing and managing properties on Airbnb, or managing other people’s properties on Airbnb, there’s a link for 2 free trainings on how to start earning an income as a top-performing host on Airbnb.
When we look at the last 6-8 months on Airbnb, so much has changed. There are certain areas that used to do really well on Airbnb that aren’t doing as well as other locations anymore. For example, usually, downtown core markets were the areas that made the lion’s share of revenue on Airbnb. But now, seeing a huge rise in domestic tourism as opposed to international tourists, there’s a change. The majority of the population lives in those main cities, so they’re not looking for Airbnb’s in the big cities, they are looking at properties in the fringe markets around metropolitan areas for a weekend getaway or even an extended stay now that they’re working remotely.
One of the best places to be right now is near a national park, small towns that have great hiking or outdoor activities. A lot of people want to go outdoors, and lots of indoor attractions might be closed. We’re seeing areas like Joshua Tree, Yosemite, doing exceptionally well, with lots of demand. The majority of those properties are being booked quite consistently. So if you have a property in one of these great locations: outside of a core city, near a national park, etc, how can you maximize this opportunity?
First off, you’re going to want a good pricing strategy. This means you need a data-driven pricing strategy so you can capitalize on the demand. When there’s a really high demand and you book your property with the regular pricing, you’re going to be booked up, but there’s a lot of money left on the table that you’re missing out on because you likely could have gotten it booked up with higher rates. So with the link below, I’ll walk you through exactly how to adopt a profitable pricing strategy to make sure you aren’t leaving any money on the table.
Beyond a great pricing strategy, you’re going to want to have your scheduling and other systems firmly in place, because you’re likely going to be a lot busier than normal if you have a property in one of the hot markets. With the right systems in place, you’ll be able to manage the day to day work without it using too much of your time and becoming a headache. The training below are going to walk you through that as well, learning how to do it whether you’re managing just 1 or 2 properties, or even up to 20 listings.
What's up guys, it's James here and in today's video, I'm going to talk to you about a few Airbnb locations that are absolutely killing it in 2020. Now, I think it's more important than ever, that people be adaptable when it comes to Airbnb.
And so I hope that this information can be really valuable to you, whether you're intending on investing in properties for Airbnb, or whether you're contemplating starting to manage properties, and trying to earn an income managing other people's properties on Airbnb, and you have the flexibility to manage in slightly different locations and want to manage somewhere that's going to be very, very lucrative over the next little while here, and hopefully very long term as well. Now let's dive in and start talking about it.
Now, before I get started, if you do want to either invest in properties and manage your own properties on Airbnb, or manage other people's properties on Airbnb and earn income doing that, I've linked in the description down below to two free trainings, two separate free trainings, one about how to become a top performing host with your own property, and another on exactly how to start earning an income managing other people's properties on Airbnb. So if you want to learn more about either of those two topics, and I hope you can check those out down below.
Now, what's really interesting is that so much has changed over the last six, eight months here when it comes to Airbnb. And so a lot of the areas that used to be really successful on Airbnb, are not necessarily doing poorly, but they're not doing as well as some other markets that used to starkly be not as hot as their main competitors. Now, what I mean by this is that primarily what's happening is we're seeing that downtown core markets that typically made the lion's share of your revenue on Airbnb and other similar platforms.
And typically bringing a lot more money, or right now not as desirable, makes a lot of sense, because a lot of the tourism that's happening is domestic travel, we're not getting international travelers who typically will come and visit either for leisure or for business and come into those major hubs, those main cities, but rather, we're getting a lot of tourism domestically. And what do where does the main population, domestic people live? Well, they live in those major hubs. So it makes sense that they're not traveling to those major hubs because they already live there.
And sure, you might get some people traveling between major hubs. But for the most part, we're seeing a whole lot of growth in these in the more fringe markets around larger metropolitan areas, because a lot of people in the larger metropolitan areas are wanting to get out of this city to either take a weekend away, take a week away, or maybe even just stay for a couple of months, because they have the flexibility to be able to work remotely. So we're seeing a lot of pickup a lot of additional traffic in those fringe markets that are on the outskirts of major cities like Los Angeles or New York, Austin, Texas, just a lot of people getting out of those cities.
And so what we're seeing is that small towns that have a lot of draw for whether it's some spas nearby, maybe, or some great hiking, that can be done some great outdoor activities that can be done, a lot of those are doing really, really well. Now one of the best places to be right now is near a national park for exactly that reason, a lot of people want to get out and get outdoors, because one of the few things that we can easily do right now, you can't go to stores, you can't go to other a lot of other attractions, depending on where you are. But you can consistently get out and enjoy nature enjoy the national parks. And so there's a lot of people getting out and enjoying national parks right now.
And that's why we're seeing a ton of properties in places like Joshua Tree, or places like Yosemite are doing exceptionally exceptionally well, right now there's a ton of demand, there's not as much supply as you would need to actually service all the demand happening there because they're not used to it. And so prices are going up dramatically and places are getting booked very consistently. So if you have a property in one of these great locations, whether it's just outside of a core city, or whether you are fortunate enough to have a property or manager property near a national park, what do you do? What do you do to be able to maximise on this really big opportunity? Well, the first thing you need to do is you need to dial in and master your pricing strategy.
I've talked about this in a lot of other videos, you need to have a data driven pricing strategy, so you can capitalize on the demand. Because if you have your property priced normally it is going to get booked up which is great, but you're also going to be leaving a lot of money on the table because you likely could have gotten it booked up for much higher nightly rates. So again, if you're hosting your own property on Airbnb and you want to learn exactly how to do that, there is a link in the description down below. It'll walk you through step by step exactly how to adopt a really profitable pricing strategy and ensure that you're not leaving any money on the table.
Or if you want to or currently are managing other people's properties on Airbnb and you want to learn how to price those properties so you can help the property owner to earn even more money working with you than working without you make it a total no brainer to work with you, then there's an separate free training, it's linked down below in the description, it'll walk you through that step by step, that ultimately is going to be one of the sort of superpowers I see it.
As for, for property managers who manage other people's properties on Airbnb, is if you can come and deliver so much value to the owner, that they're actually earning more money. While they're saving time by working with you, you can bet they're going to work with you for a very, very long time to come. And they're going to refer you to all their friends, it's going to be absolutely paramount in making your business really explode and have phenomenal success.
So I highly recommend checking that training out so that you can learn the step by steps of how to really do that. Now beyond that, you also just have to make sure that you're really dialed in with all your scheduling that you've got the systems in place, because you're likely going to be a lot busier than normal if you have a property in one of these really hot markets. So you can have the right systems to be able to manage everything day to day without it sucking up a whole bunch of your time and becoming a really big hassle and headache.
Again, the trainings down below are going to walk you through how to do that, whether it's with just one or two of your own properties, or whether you're managing one or five, or even 10 or 20 of other people's listings on Airbnb, your systems need to adapt depending on what level you're at what how many properties you're managing, we walk through that all in the in in the free training link down below in a great amount of detail. So again, that's just been a really quick overview of some of the markets that are doing really, really well. And it's so so interesting to see how things are shifting and changing and evolving.
And it's so important for us as hosts and managers to adapt and really understand and keep our eye on the trends that are happening. So we can leverage those because like I've shared in other videos, there is a phenomenal opportunity here right now. And if you're in the right place at the right time and you are prepared for it, you can take advantage of this opportunity to you're in the right place it is the right time. Now you just need to get prepared.
So hopefully this video has helped you to get a little bit more prepared. And hopefully if you want to get more prepared, you check out those free trades down below so that you can really start to take advantage of this opportunity.
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