Recession VS Airbnb - 10 Principles to manage a down market

Описание: The dow jones is crashing. There's a global virus outbreak. It's possible we are on the verge of market collapse. Will this spell the end for airbnb hosts? Here's 10 principles to apply to managing your airbnb business through an economic downturn in 2020.


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the dow jones fell today, march 9th 2020 by over 2000 points. over 7%. This is believed to be primarily due to an oil price war. This poorly timed few weeks in the stock market has set us back 2 years. Combined with a global disease epidemic, there are many concerns for Airbnb Hosts around the world on how a global recession or cool down will affect the airbnb market. Rental arbitrage is the most vulnerable because the cost structures are typically inflated. We discuss 10 business principles aimed at surviving a market down turn. Short Term Rental Businesses around the world can apply these tips and save their bottom dollars until it's all over.

1.) Know the economy and why the market is cooling. Know what that means for your industry and area.3:21
2.) Make a plan, take action. Don't let fear freeze you up. 4:23
3.) Do NOT Run out of cash. 5:09
4.) Focus on what is working, cut unnecessary projects. 6:22
5.) Lean up your operations and cut out the fat. 7:39
6.) Keep an eye on your airbnb data. Know your baseline data and have a plan to respond to when your data/bookings start to turn away from business as usual. 8:58
7.) Develop a split market strategy to see what is going to work in order to prevent a total miss. 13:40
8.) Practice solid leadership to retain your best talent. Lead them THROUGH danger. 15:51
9.) Be honest with your stakeholders and investors. Keep their heads on straight. 18:04
10.) Prepare to Take ADVANTAGE of the market downturn by looking for unique opportunities. 19:38