727: Larger AirBnB’s Generate Better Returns

AirBnB can be a great business, but there’s been major oversupply in many markets. A glut of inventory has impacted occupancy levels and daily rates. One successful strategy to overcome competition is to operate larger properties with more rooms and greater amenities. There are far fewer of these properties and therefore less competition. Guests also tend to be higher end and less impacted by economic downturns. Larger properties attract wedding parties, reunions, golf outings, and other occasions where people travel in larger groups. David Gindin, Director of Development at WorkshopWDXL in New Orleans, converts existing multifamily properties into AirBnB’s and also develops projects ground up.