Advice please! I have a somewhat tricky question regarding AirDNA!
I am looking at a condo that is located across the street from a Sonesta Suites extended stay hotel. They post their rooms on the normal hotel, discount site, etc. They also post their rooms on Airbnb. Could this potentially throw off my estimated revenue, occupancy, and daily rate numbers to skew them higher than they should be?
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It could, but you could screen this location with PriceLabs.co as they use both airbnb and hotel rates to create revenue forecasts. I would imagine that the hotel marks up their rates to use airbnb a little to offset their service fees, so the net is pretty close to what you would expect. Airdna will give you a good estimate of the demand for the area. The precise property forecast can vary depending on a lot of factors but the general demand is really what you should use the tool for to make your plans.