Tim Hubbard walks through Airbnb's promotion tools for hosts: early bird discounts (up to 24 months out), last-minute deals, length-of-stay discounts, and special promotions. Vrbo and Booking.com offer 20% new-listing discounts. Use these to boost visibility without lowering your base price.
Chapters
Here's a question I get asked all the time. Should I use Airbnb special promotions feature? The answer might surprise you and actually there's a way to use it without affecting your price. Let's go ahead and just start off with Airbnb. One that you may have seen is their early bird discount. This will apply for any of your properties within the next 24 months. If you've applied a 3% discount or more, the next one will be a last minute discount for any discount that you've applied for 10% or more. And again, this is going to give you a little more visibility. Next one up is a length of stay discount. So Airbnb gives you the flexibility to discount whatever length of stay you want. Now for any of you starting a brand new listing on an Airbnb, first of all, congratulations, There is a 20% discount that Airbnb will try to automatically apply for your first three reservations. Lastly, on Airbnb we have what they call their special promotions which is just that you can go into any time frame you want on any days and add an additional discount to your property. We're going to jump through vrbo and booking.com and many of you probably don't know, but they also have this new listing 20% discount just like Airbnb. Stay tuned. Let's break it all down.