The proliferation of the short term rental (STR) market in Vancouver BC has done so much more than provide vacationers with greater accommodation options. It has redefined how homeowners can pay down their mortgages and earn revenue from their properties beyond the typical increases in equity.
If you use your property to earn income on the STR market, you’re more than likely using Airbnb. While the potential in doing so can be tremendous, it is also highly competitive. A quick search of luxury properties (above $300/night) on Airbnb Vancouver (not including the new Airbnb Luxe) unveils 561 listings for the most recent 2-week booking period. How will you make your property more competitive?
Property owners who are serious about using their homes to earn significant STR income are turning to interior design upgrades. Enhanced interior design improves renter satisfaction scores, which increases Airbnb star ratings, which in turn increases bookings. Moreover, it allows property owners to showcase professional quality photos of the property, which data shows increases bookings by 17.51%. Another study showed that it earned 28% more bookings and allowed owners to charge a 26% higher nightly rate.
Seeing that you’ve decided to make the wise investment to increase bookings and entice the right kind of renters, you’re now searching for an Airbnb interior designer for your luxury vacation rental/s in Vancouver. You’ve found who you are looking for. Feel free to call Calvert Design right away at 604.924.4034 for a FREE phone consultation, or read below for some helpful tips.