Steven Lopez (@steee_lo_) 's Twitter Profile
Steven Lopez

@steee_lo_

Founder / Principal at Revitalized Properties

ID: 4306298958

linkhttps://www.linkedin.com/in/steeelo/ calendar_today21-11-2015 00:28:10

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🚀The demand for luxury stays is skyrocketing! There has been a 73% increase since 2019 for plush pads costing over $1000 a night.

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If your Airbnb bookings are down, don’t panic. Research upcoming events, how your neighbors are performing, and what the next 6 months in your area looks like to gain a deeper understanding of the situation.

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High-end amenities like pools, gyms, and hot tubs significantly increase the desirability and profitability of luxury vacation rentals.

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Finding lodging in New York City has grown more complex, and MORE costly, in the 6-months since the city began its crackdown on Airbnbs and other short-term rentals.

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A year after Airbnb crackdown, short-term rentals still a concern in Montreal. According to those who track the impact of STR's on housing in Quebec, they say the enforcement of laws and regulations remains “extremely weak.”

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Physical products can be sold at any time if they’re not immediately purchased. A vacant STR represents a unique challenge. If a property goes unbooked, it's impossible to "sell" that night again. Each unbooked night directly translates into a tangible loss of potential income.

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Airbnb has now accounted for more than $10B in tourism tax revenue around the world. Hosts renting Airbnb units for travelers and tourists generated about $2.2B in tourism tax revenue in the U.S. alone in 2023.

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A legislative proposal recently passed by the Florida State Senate could give state authorities a lot more power to regulate the STR vacation market. SB 280 would overrule city & county regulations over STR's approved since 2016 and impose new statewide requirements.

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Automating your routine STR business tasks will enable you to focus more on other vital aspects of your business and set it up for long-term success.

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I still see so many Airbnb listings with sh***y photos. Post high-quality photos from a professional photographer. Listings with professional-level photographs earn 40% more revenue than those without.

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The Airbnb "Extenuating Circumstances Policy" is now the "Major Disruptive Events Policy." The policy update is to make it easier for reservations to be canceled and refunded without consequences due to "foreseeable weather events."

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If you have a STR property that defies the norm, highlight the features and experiences that set it apart from the rest. Use keywords to make your rental discoverable. Channeling a sense of adventure in your property description speaks to travelers seeking unconventional stays.

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In 2023, on $73.25B in gross bookings, Airbnb reported revenues of $9.92B, a record of $4.79B in net income, and 13.5% in take rates. How will 2024 end?