Thanks For Visiting 420. Hosting Hotline: What Does Airbnb’s 15% Fee Mean for You?
Dec 17, 2024
Uncover the implications of Airbnb's 15% fee structure and learn how to adjust your pricing for better profitability. Explore creative strategies to inspire guests to leave glowing reviews without sounding pushy. Hear real-world success stories from hosts who have thrived under these challenges. Discover practical tools like PriceLabs to optimize your property management and boost direct bookings. A treasure trove of tips awaits for both new and seasoned short-term rental hosts!
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Episode notes
Adjusting for Airbnb's 15% Fee
- Shannon asked how to adjust for Airbnb’s 15% PMS fee.
- Use a rate multiplier in PriceLabs or your PMS to add 15% to your Airbnb rate.
Using Rate Multipliers
- Contact Hospitable and Price Labs support to confirm rate multiplier functionality.
- In Hostfully, set a 15% rate multiplier specifically for the Airbnb channel.
Airbnb's 15% PMS Fee
- Airbnb charges a 15% fee for bookings made through property management software (PMS).
- This fee can significantly impact profitability and should be factored into pricing strategies.