- Historical data for annual revenue, average daily rate, occupancy rate, and all the metrics needed to analyze a property (without this you’re shooting in the dark)
- Choosing the amenities that will give the most value for your money
- Ensuring you don’t enter into markets that are losing popularity or those that have a bad history with Airbnbs
- Spying on competitors
- How well a property has performed in the past
- Detailed stats of all the top performing properties in one place
- Comparing different cities and markets to see which one will perform better
- …and a lot more that I can’t cover here!
Here’s why you need to go for the advanced plan and this package instead of any other:
➔ 5 years of historical data – This is the only tier which provides access to over 5 years of historical data (for others, you get 1 or 3 years of data).
And this matters because the lockdowns skewed the data significantly for 2020 and 2021. So, you need data from stable years like 2022, 2019, etc. to underwrite the properties.
➔ Short-Term Rental Insights – These data points are absolutely needed for STR analysis and are only available for the advanced plan. Without this, your Airbnb analysis would be incomplete.
➔ Making Informed Decisions – You’ll be spending tens of thousands of dollars to set up your properties. So, it’s crucial that you choose the right property and the market BEFORE investing all your resources. And to make accurate decisions, you need all the data to minimize the risk of mistakes.
AirDNA is THE most important tool in this business. And if you’re making decisions without all this data, it’s like shooting in the dark.
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