Revenue
Plan Ahead — Open Your Calendar Earlier
Open your bookings as far in advance as possible. Advance booking generates higher revenue due to the myth that early bookings are cheaper. Early bookings also allow you more availability to book higher-revenue packages.
Use Filters
Use filters not only to filter your guests, but also to increase your revenue. Set filters to require a three-night minimum stay for bookings three or more weeks away, and a four-night minimum stay for bookings a month or more away. Don’t forget to reset your filters closer to the dates.
Set Up A Strict Cancellation Policy
Don’t be afraid to have strict cancellation penalties. Nearly 5% of bookings made five or more months in advance get cancelled. You can double your earnings in certain months.
List On Multiple platforms
List on multiple platforms (Airbnb, VRBO, Booking.com). Nearly 20% of hosts use several platforms, while 66% of hosts use Airbnb primarily.
