After a very quiet August bookings have picked up in September. I also have removed the minimum two day booking rule on all my listings. I was starting to get empty rooms and I just couldn’t see that money go to waste.
Last minute bookings
Last minute bookings can be very rewarding. If I have a gap between bookings I sometimes put the price really high (usually 50% price increase) in the hope of getting a last minute windfall. I have found on many occasions that if you take the risk for last minute bookings you can earn some very good extra money. Some people for whatever reason need a place to sleep when they otherwise thought they would be ok. Sometimes they are last minute holiday makers other times people stuck in London unexpectedly, perhaps a delayed flight.
If you want to make money above and beyond what you would normally expect then putting your price high in the expectation of a last minute booking is a way to do it. To make this happen I recommend using Instant Book because those guests looking for a last minute booking will only want to book instantly and not wait for a reply. Also you will need to set your calendar so guests can book later into the night – say as late as 9pm.
Will the lower GBP mean more airbnb bookings?
The GBP dropped by 15-20% against most major currencies after the Brexit vote on 23rd June. This means it will be cheaper for foreigners to visit the UK. This could mean either more tourists will visit the UK (because its cheaper than other destinations) or that anyone visiting the UK will be willing to spend more money when they are here (because it’s cheaper). Perhaps both will happen and the UK will have a kind of tourist boom. Airbnb hosts should be benefitting from the lower GBP as more people may choose to visit the UK than previously would have done.