Think about what’s involved in having a guest come stay at your place: You need to communicate with the guest prior to their arrival. You need to organize to have the place cleaned. You need to provide access and exchange keys. All of this takes time. And time is money.
Now imagine any given month: Let’s say it has 30 days. And let’s say that you’ve hit the jackpot and miraculously have 100% occupancy. Let’s assume that when you add up the time and costs involved in preparing your place for each stay, it comes to $25. And let’s assume that you charge $100 per night to stay in your place.
If we play out two scenarios – one with and one without a minimum stay requirement – let’s take a look at the profitability of each…
The scenario with the 3-night minimum stay would net you $200 more profit than the scenario with no minim stay requirement. This is achieved simply by implementing a minimum stay requirement (and even with a lower occupancy rate!)
Just ensure that your minimum stay requirement does not become too large, as it may become a prohibitive factor in getting found and booked.
To set a minimum stay requirement:
- Login to Airbnb
- In Hosting mode, select Listings from the top menu
- Click on your listing
- Click on Availability from your listing's menu
- Click the Edit button for the Trip length section
- Enter your minimum stay requirement into the Minimum stay input box
- Click Save
Here, you’re also able to set the maximum number of nights a guest’s reservation request will need to adhere to.
Setting a Minimum Stay Requirement for Seasons and Weekends
You’re also able to add a minimum stay requirement for specific periods of time.
You are able to specify your minimum night stay requirement for either:
- Any of the four seasons (Jun-Aug, Sep-Nov, Dec-Feb, Mar-May); or
- Any specific dates you specify (e.g. periods of high demand such as Christmas, Thanksgiving or NYE)
You can also add a requirement that guests are only able to check-in on a particular day of the week.