The challenge of managing short-term rental properties can be considerable, but with the right strategy, it's possible to transform revenue and skyrocket profits. At AndBnB, we offer an innovative virtual management service that focuses on optimizing your property's profitability, while you maintain control of the day-to-day operations. In this success story, we show you how our unique and meticulous approach to virtual management turned an average scenario into a resounding financial victory for a property located in the Deu Sol building in Incles.
AndBnB took over the virtual management of this property in October 2022. To make a fair comparison, we contrasted the performance of the second quarter of 2023 with the same period the previous year, as the owner had independently managed the property during this quarter in 2022. Under our management, the property saw a significant increase in both occupancy and average nightly price.
Once AndBnB took control, the average price increased by 35% and the occupancy rate multiplied by two and a half times.
This success was achieved through our innovative virtual optimization service, an approach that allows the owner to maintain a high degree of control over their property and daily management. During this process, the owner remains the main point of contact for guests, providing that all-important personal touch. Meanwhile, AndBnB diligently works on the backend to optimize the property's listing through various strategic actions, among which are:
Revenue Optimization: We handle the optimization of your prices and promote your accommodation on different rental channels (Airbnb, VRBO, Expedia, Booking, Tripadvisor) to maximize income and improve occupancy. We use advanced artificial intelligence tools to ensure the best pricing strategy.
White Label Solution: Our services blend seamlessly with your brand, we provide a professional service while you maintain direct contact with your customers.
Professional Photographs: Our team will capture the best images of the property, creating a visually striking experience that will captivate customers. We know that a good image can make a difference when it comes to getting reservations.
Experts at your disposal: We offer our expertise in the vacation rental market to boost your business. Our knowledge and understanding of the industry can help you make informed and effective decisions.
Optimization of your listing: We update your listings so that you always rank high in search results. Prepare for more clicks and confirmed bookings is part of our commitment to boost your business.
With AndBnB, the property's net income shot up to € 4,247, almost tripling the € 1,687 generated in the same period in 2022. This is after deducting our commission.
Thanks to our optimization strategy, the average price went from € 60.3 in the second quarter of 2022 to € 81.22 in the same period in 2023, an increase of 34.8%. The occupancy rate also experienced an impressive leap, from 30.8% to 68.1%. As a result, the property's net income shot up to € 4,247, almost tripling the € 1,687 generated in the same period in 2022.
This is after deducting our commission demonstrating that working with AndBnB, more than an expense, is an investment that pays for itself!
This impressive improvement in income and customer type reflects the real value that AndBnB can bring to your property. As the owner said:
"With AndBnB, my net income tripled and the quality of the customers improved. AndBnB's virtual management approach is definitely the key".
If you are ready to transform your short-term rental income and maximize your property's profits, while maintaining an active role in its management, we would love to hear from you. With our virtual management strategy, you can get the best of both worlds: direct control and improved performance.