In the world of vacation rentals, setting weekly and monthly discounts can be a game-changer for boosting bookings and revenue. Here’s how we like to craft a winning strategy tailored to your property type:
- Know Your Property Type:
- Condos: Offer 5% off weekly stays and 15% off monthly stays.
- Villas and Luxury Properties: Provide 10% off weekly stays and 20% off monthly stays.
- Seize Platform Promotions:
- Platforms like Airbnb showcase listings with 10% or higher discounts, gaining extra visibility.
- Set a monthly discount of 20% or more to qualify for special promotions in Airbnb’s email newsletters.
- Execution Tips:
- Stay consistent across platforms.
- Monitor performance and adjust as needed to stay competitive.
Crafting an effective discount strategy can attract longer stays, increase visibility, and ultimately boost your vacation rental’s success in a competitive market.
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