Decline in reservations

Nancy2336
Level 1
Oregon, United States

Decline in reservations

Has anyone noticed a slow down compared to this time last year?

5 Replies 5
Andrea6232
Top Contributor
Bergamo, Italy

Buongiorno @Nancy2336 ,

 

yes, I did see a slow down this year. My listing is in Venice (Italy) and most of my guests come from the USA

 

Andrea

Helen3
Top Contributor
Bristol, United Kingdom

What's supply and demand like for your sort of listing in your area ? @Andrea6232 

 

Many locations are suffering from oversaturated markets. 

Andrea6232
Top Contributor
Bergamo, Italy

Buongiorno @Helen3 ,

 

Venice has historically always been a high demand market, as well as supply.

 

As far as I'm concerned, I believe the slow down in bookings is mainly due to the fact that lately the positioning algorithm tends to favor low prices and the total number of reviews ... in short, quantity but not quality 😥

 

Andrea

Helen3
Top Contributor
Bristol, United Kingdom

I do love Venice @Andrea6232 so will definitely look at your listing .

 

airbnb's algorithm covers many factors (have a look at the Airbnb Help website for a list of these).

 

a high number of decent reviews does help but is only one of many factors . 

early availability is another

 

prices don't factor 

 

Do look at supply and demand for your sort of listing it's definitely likely to be a key factor .

Zheng49
Level 10
Toronto, Canada

I feel like that's the case here as well.