Finding the latest updates about any industry can help you greatly in focusing your business. When it comes to Airbnb property investors, finding out the latest Airbnb trends 2018 can help you set your business vision to incorporate these trends to result in the best guest experiences and generate a more substantial rental income.
We’ve incorporated Mashvisor’s Airbnb profit calculator and Airbnb citizen data to help you better understand the Airbnb trends 2018 that can affect your local housing market and create more and more real estate investment opportunities.
What Airbnb trends 2018 to look for and learn from in real estate investing
Big cities are still on the most booked list
This is not a surprise for cities like New York and San Francisco. Big cities are a major travel destination and that’s guaranteed to push your Airbnb property to the maximum rental income along the way. If you’re considering buying an Airbnb investment property, big cities are a sure thing when it comes to making a substantial rental income. However, you must keep in mind the added costs that come along with owning a rental property in a metropolitan area. These can range from taxes to maintenance costs and HOA fees. For more details on the most popular cities with Airbnb rentals, read this blog post: What Are the Most Popular Airbnb Cities in the US in 2018?
Smaller cities are growing as an Airbnb travel destination
While this may be unexpected for Airbnb destinations, smaller sized cities such as Indianapolis, IN are witnessing a rapid growth with Airbnb bookings. For real estate investors in smaller cities, you can make use of this growing trend by listing properties on Airbnb. From the looks of it, each growing city has the potential of becoming the next “It” city with Airbnb bookings. To clarify, such destinations have witnessed a 175% booking growth since 2017. So, grab your wallet and go about buying an Airbnb investment property and make use of Airbnb trends 2018.
Alternative lodging is a thing now!
We’re not talking about Airbnb rentals on their own. The times where Airbnb rentals were considered alternative lodging are over! Instead, real estate investors are making money in real estate by listing investment properties that are unconventional, to say the least. Many yurts, nature cabins, and even RVs are making the list here. According to Airbnb’s own release, these alternative lodging options are witnessing 133% + growth, making them among Airbnb trends 2018.
If you’re not sure where and how to start investing in Airbnb, read this to get to know the steps to take to get there: How to Get Started in Real Estate with an Airbnb Investment.
Airbnb experiences are more popular than ever
If you’re a real estate investor that had gone into real estate investing with Airbnb rentals, the time is now to expand your Airbnb business into Airbnb 2.0. In many cases, Airbnb guests are not booking a room or an apartment, they surpassed that in booking experiences. This makes experiences among the top Airbnb trends 2018. If you’re wondering how Airbnb investors can make bank through this growing trend, go onto Airbnb’s official website and view the ones available. It ranges from secret concerts to food experiences and even hikes. This is making the Airbnb community grow bigger to encompass different parts of travel other than just accommodation. It’s diving deeper into the planning of your trip in your desired destination.
If you’re a real estate investor looking to increase your rental income, read this blog post to give you ideas: How to Boost Your Airbnb Rental Income: Tips from an Airbnb Super Host.
Airbnb properties next to travel destinations
You can strongly witness this when you compare data from 2017 with data from 2018 for the same areas. Among popular Airbnb trends 2018 is popular national parks such as Whitefish, MT. It has witnessed a 242% increase when compared to Airbnb data of 2017. It doesn’t stop there either. Many downtowns are becoming livelier with entertainment and food, and that’s driving more and more Airbnb guests and travelers to smaller towns and cities. Let’s take Columbus, OH as an example. It has witnessed a rapid growth in both Airbnb rental income and Airbnb bookings of 254% in 2018. Coincidence? I think not!
How to ensure profitability with your Airbnb business
Making money in real estate comes naturally to a real estate investor. However, when it comes to making Airbnb rental income, it’s a whole different story. Keep in mind that Airbnb rental income will most likely fluctuate with seasons, carrying you on an all-time high and low wave. To clarify, it all starts with the location and the property.
Let’s say you’re interested in becoming a short-term rental investor. You can start by deciding on a location. Use Airbnb’s own data to determine the profitability of your real estate investment. Additionally, you can make use of Mashvisor’s investment property calculator and Airbnb profitability calculator. When combined with Airbnb trends 2018 data, you can conquer the real estate investment world with ease. When you use an Airbnb profitability calculator, you can choose a property, if you have one in mind, and let the automated intelligence take care of all that for you! You will get the estimated rental income you can produce with this property as a short-term rental and as a traditional rental! Wait! It gets better! With Mashvisor’s Airbnb profitability calculator, it goes as deep as calculating expenses and taxes and giving you an accurate capitalization rate to help you make a more sophisticated real estate investing decision.
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It has become easier than ever to predict Airbnb trends and utilize the current Airbnb trends 2018. For the most successful real estate investors, it really is the time to start investing in Airbnb investment properties. The community is growing, and it’s destined for growth in the coming years. So, make use of Airbnb trends 2018 and start your real estate investing journey with the help of Airbnb rentals.
If you have any more insights on Airbnb trends 2018, please share them with us in the comments section below.