It’s good to be “data-driven.” It’s only through data that you can understand what went wrong or right in the past, know where the business is currently standing, and project where it is going in the future. Business decisions, now more than ever, must be made founded on accurate information. So, what is market research and why should budding entrepreneurs like yourself learn about it? In a nutshell, this is what gives you the pulse on the ground, so to speak. Consequently, this will also explain why these tools are crucial for the growth and success of your business. If you’re just starting out as a new host, perhaps this beginner hosting guide will be of help to you.Ĭlick here to download your free guide Why Do Market Research?īefore we go any further, I would first like to briefly talk about why market research is important. If you want 100% confidence in a profitable area, then I’d encourage you to check out the paid tools below. However, you can only get very surface-level information. I have written about this in my last blog post, so I’m going to link you here.

Major cities and popular holiday destinations are usually considered profitable locations. The goal of these Airbnb research tools is to help us find a profitable location.Įssentially, a profitable location is a geographical area that attracts plenty of potential Airbnb clients. Here’s a quick overview of the available market research tools on Airbnb analytics in the market that I have used to do STR market research:

I know that sounds like a dream, but it is my reality, along with many others who took the leap and signed up for my program. In my case, I’m able to consistently generate $10,000 dollars a month renting other people’s properties. If you’re new here, PassiveAirbnb is focused on renting other people’s properties to generate passive income. In this post, I’d like to give you guys a complete guide to using AirDNA, a tool that gives you data on Airbnb occupancy rate, among others, for Airbnb short-term rental market research.

Air dna rentalizer