.png)
The tourist rental market in Andorra can be complicated, especially when occupancy and income do not reach their full potential. However, with proper management, it is possible to transform a moderate income generating property into a source of substantial profits. Today we present to you another success story at AndBnB, where we achieve increase income of a property notably in just four months.
The Challenge: Limited Income with Previous Management
Until the end of 2023, this tourist property in Andorra was under the management of another company in the sector. Despite being in a high-demand tourist destination, the results were modest. Over a four-month period, the property generated only €1,593 net, which translates into low profitability for the owner. With the occupancy rate and nightly prices below their potential, the apartment was not meeting expectations.
The AndBnB Solution: Key Strategies to Maximize Revenue
When AndBnB took over management of the property, our goal was clear: significantly improve both occupancy and average price per night. Our team implemented a customized strategy to optimize results and transform revenue. Here are the key steps we follow:
Comprehensive market analysis: The first thing was to analyze the demand in Andorra to identify the best market segment to target. With a clear strategy, we were able to define the target audience and optimize the marketing approach.
Visual renovation of the property: Without major renovations, we made aesthetic improvements, such as a new, more modern and attractive decoration, which increased the interest of potential guests.
Professional photography: We organized a photo session with our professional team, capturing high-quality images that highlighted the strengths of the home.
Dynamic price optimization: We established a real-time adjustable pricing system, based on demand, local events and peak season. This allowed us to increase the average price per night considerably.
Improved visibility on key platforms: We made sure that the property was well positioned on platforms such as Airbnb, Booking and other major platforms, using SEO-optimized descriptions.
AndBnB Results: A Significant Increase in Revenue
After four months of management, the results were notable. During the same period of time in which the previous management had generated only €1.593, AndBnB managed to quadruple results, generating a net profit of €6.829 for the owner, that is, the income obtained after deducting operating costs, such as cleaning, commission AndBnB management, maintenance, supplies and other additional expenses.
To put these numbers in perspective, we break down the results:
Previous management: In four months, the property generated €1.593 net. Assuming low occupancy and a lower average price, we estimate that the average price per night was approximately €74.2 at 32.8% occupancy.
AndBnB Management: With a Average Occupancy of 65.6% and a Average Price of 158,8 €, we managed to generate a total of €6.829 net in the same period. This represents effective price optimization and a significant improvement in occupancy.
Cost Control: More Revenue with Greater Efficiency
At AndBnB we not only focus on increasing revenue, but also on optimizing operating costs. This includes efficient management of supplies, cleaning, and automation of processes, such as check-in. This comprehensive approach allowed maximize property profitability, ensuring that expenses were kept under control without sacrificing service quality.
Owner's Testimony
The owner of the property was surprised with the results obtained after working with AndBnB:
"I did not expect such a radical change in such a short time. Going from earning €1.593 in four months to more than €6.829 is something incredible. AndBnB has done an exceptional job, not only increasing my income, but also improving occupancy and the average price per night. I am delighted with your management."                 -Jean Pierre. Owner
Would you like to see these results on your property?
This success story shows that with the right strategy, it is possible to quadruple the income of a property in Andorra. If you manage a tourist apartment and want to improve results, in AndBnB we are here to help you. Thanks to our Full Management, We maximize your profits and minimize operating costs. Contact us today and discover how we can make your property reach its full potential.
Frequently Asked Questions (FAQ)
1. What differentiates AndBnB from other tourism management companies?
We focus on a personalized approach and use advanced technology to optimize prices and ensure maximum visibility on vacation rental platforms.
2. Can I continue using my property while it is managed by AndBnB?
Yes, we adjust the rental calendar so that you can enjoy your property whenever you want, without affecting the results.
3. What type of properties does AndBnB manage?
We manage a wide variety of properties in Andorra, from small apartments to larger chalets.
4. What does Airbnb listing optimization entail?
We improve the visibility of your property through optimized descriptions, professional photographs and dynamic price management.
Conclusion
At AndBnB, we have shown that with an appropriate strategy, any tourist property in Andorra can achieve much higher levels of profitability. If you want to improve both the income and costs of your property, we are the solution you need. Contact us and start maximizing the return on your investment today