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994: Airbnb Has Changed: Make More Money Even with Regulations & New Competition w/Rent to Retirement CEO
BiggerPockets Real Estate Podcast
Partnering Locally Unlocks Revenue Potential
Focusing on amenities and convenience can significantly enhance revenue for businesses, particularly in the hospitality sector. Partnering with local businesses fosters affiliate income, allowing hosts to earn a revenue share whenever guests spend money at these establishments. Engaging directly with local businesses opens opportunities for collaboration, such as offering unique services like golf cart tours, which cater to visitors’ interests. Additionally, providing locally sourced products, such as wines and artisanal foods, can improve guest experiences and appeal to their desire for authentic local culture. This strategic approach to local partnerships not only enriches guest offerings but also creates new income streams.
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