Of course, a high ADR signifies a good litmus test for how well a property has performed in the past in addition to its future outlook. Average Airbnb rates tell hosts how profitable rental property is while allowing them to make comparisons with nearby competitors. ADR is one of the key performance indicators that inform Airbnb hosts how much revenue is earned per room over a select time period.
What is ADR?Īverage daily rate (often shortened to ADR) is one of the most important metrics used in the short term rental market. An important tip for hosts to achieve this is by charging the right ADR for your Airbnb. However, Airbnb rentals are very competitive today, so hosts need to know how to attract potential guests. Home-sharing sites like Airbnb, HomeAway, and VRBO have made it possible for anyone to list their vacation homes or a part of their primary residence online for guests and travelers from all over the world to book. While some investors prefer renting out properties for long-term tenants, many have realized that short-term rentals can generate higher rental yields.
Looking to invest in vacation rentals in a city where the average Airbnb daily rate is high? Check out this list of best cities for Airbnb in 2020.
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