Better Quality Furnishings Equals Higher Returns
Did you know that investing in better quality furnishings can significantly increase your nightly rate and occupancy rates as an Airbnb property owner or investor? According to a study by Evolve, properties with higher quality furnishings can command up to 71% higher nightly rates and up to 26% higher occupancy rates than those with lower quality furnishings.
Why is this the case?
First, high-quality furnishings can make your property more attractive to potential guests. They convey a sense of luxury, comfort, and style, which can help you stand out in a crowded market. Guests are often willing to pay more for a property that looks and feels premium. Second, better quality furnishings can also enhance the guest experience. Guests who feel comfortable and pampered are more likely to leave positive reviews and recommend your property to others, leading to higher occupancy rates over time.
So if you're looking to boost your Airbnb returns, consider going with an expert and upgrading your furnishings today. Your guests (and your wallet) will thank you for it.