Airbnb Property Management VS Hospitality Management

If you are looking for Airbnb property management companies in Colorado Springs then this guide may help you find the best fit for your situation.

There’s a difference between Airbnb property management and hospitality management.

If you own a vacation home that you use and want to list it on Airbnb so that it’s paid for by others, then any short term rental manager can help you get your listing up and running.

If you are an investor looking to maximize your return, then you may be interested in learning more about professional hospitality management.

What’s the difference?

When looking for an airbnb manager, most people are looking for the traditional services like guest communication, turnover (cleaning, laundry, etc.), revenue management, listing photography, marketing, etc.

As an investor looking to maximize return, then you’ll want to have an airbnb business plan and a niche for your property.

As the short term rental market becomes more saturated, people who have relied solely on Airbnb to get bookings are finding that their property isn’t getting booked as much. The main reason why they are seeing a slow down in their bookings is because they don’t cater to anyone specific.

When asked who they cater to, they’ll say things like “everyone… we host couples, families, small groups, etc.”

By trying to cater to everyone they end up catering to no one.

The riches are in the niches

Competition is good for the market because it forces innovation and businesses have to create value for their clients.

This is why at Hoste we offer a unique product for investors looking to maximize their return by helping them turn their property into a brand.

It’s no longer good enough to decorate the property, get professional pictures and post a listing on Airbnb. To stand out, the property must be carefully designed to cater to a unique customer avatar.

Our team will walk through your property and help you identify the best niche for your property and put together an improvement plan to make sure that your property meets the needs of the guests you will be catering to.

The push towards hospitality

The vacation rental market is evolving.

In 2020 many travelers who were used to staying at hotels found themselves having to look for different accommodations. Many started to experience staying at an Airbnb or VRBO for the first time.

When staying at a vacation rental, many travelers were shocked to see a list of cleaning chores during check out or not having a front desk they could call to ask for extra towels.

This is pushing travelers back to hotels because airbnb hosts are not meeting the demands of the market. This tells us that there is value in hospitality.

There is value in creating a unique vacation experience for guests.

If you are a savvy investor then you too will see an opportunity to help solve this problem in the market. This is why we are pivoting to meet the demands of the market.

To learn more about how your property could perform with professional hospitality management then fill out the form below