AirBnB Cancellations – What to Do?
As coronavirus continues to spread across the world, many vacation rental companies, such as Airbnb, continue to expand their policies to allow more leniency in cancelling. This change, welcomed by travels, has allowed many travelers to cancel their reservations penalty-free. We have noticed many renters cancelling their bookings and reservations and choosing to stay home during these uncertain times. While we understand the desire to cancel, this puts pressure on the owners and hosts of these rentals. The cancellations are resulting in an unexpected loss of income. There are many discussions happening on the Airhosts forums, a forum for Airbnb hosts, sharing their financial concerns about the abrupt loss of income and inability to refund that money.
We wanted to share 5 Tips on how you can find local renters that might be interested in renting your AirBnB.
- Separated families that need somewhere to stay
As recommended by the CDC, social distancing and quarantining is crucial in limiting the spread of the coronavirus. Unfortunately many families have faced this reality and have had to quarantine away from their family. This reality can cause a lot of stress and uncertainty, having a place to stay where renters feel safe is important. As mentioned in our previous blog post, linked here – we love & care about our family, clients, prospects, & fellow humans. We want to do whatever we can to make them feel safe and comforted. These families might prefer staying in an Airbnb for the comfort, cleanliness and more distanced from others than a hotel would be.
2. Traveling Nurses On the Front Lines
According to a recent poll, there are approximately 25,000 traveling nurses in the U.S. right now. The demand for travel nurses has continued to rise as healthcare needs increase due to COVID-19. As these nurses travel and remain on the front lines, they may be interested in renting an Airbnb to comfort them through these unprecedented times.
3. Other Essential Industries Are Traveling for COVID-19
The demand for typical grocery store items has significantly increased. As we saw with toilet paper, hand sanitizer and bottles of water….People are eager to stock up their homes to be prepared. With this increase in demand, the agriculture and food service industry has increased their travel to ensure stores are stocked around the world. This, among many other industries, have increased travel frequency during these times to ensure essential needs are met. As travel increases in this fields, people are searching for safe places to stay to ensure they stay healthy as they travel.
4. Have a Furnished Rental via the MLS
Attract local renters with a furnished rental on the Multiple Listing Service (MLS). MLS is a search tool that helps find listings for sale or rent by Realtors and other realty professionals that are members of your local MLS. Once you have identified your ideal guests, understand the needs of your core audience and furnish your rental accordingly. Comfort is key so achieving a cozy ambiance is important. Check out more tips and tricks here for furnishing tips.
5. Add Your Airbnb to Industry Travel Sits
Here are some we recommend!
- Transplant Housing – linked here: https://www.transplanthousing.com/.
- Transplant Housing costs $89 dollars for a 365 day listing.
- Furnished Finder – linked here: https://www.furnishedfinder.com/list-your-property.
- Furnished finder costs $99 for a 365 day listing.
For more information on COVID-19, check out our recent blog post here: 5 Things We are Focusing on During Covid-19
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