Real Estate Agent · Louisiana · Member since 2017 · 215 posts · 149 votes
It appears Airbnb has rolled back their service fee structure that charged the hosts 15.5%. Using PMS you now have the option to go back to the split fee (3% with additional charged to guest).
Good to hear, I don't use a PMS so had never had the 15% increase, but I had heard rumors that everyone would be set at the 15% increase at some point. I had called airbnb in December and asked if my lisitings would be changed to the new structure and they said no, but I know how things can change at anytime.
It appears Airbnb has rolled back their service fee structure that charged the hosts 15.5%. Using PMS you now have the option to go back to the split fee (3% with additional charged to guest).
Just an fyi.
Hey Josh. Can you post your source for this? This is huge if true. Once I made the change on my airbnb listings, my airbnb bookings dropped significantly. Fortunately VRBO just went full on for me when that happened and VRBO (which used to be my primary, but in the last few years fell behind my AirBnb bookings) is now the OTA that is giving me the most bookings.
It is no surprise that it dropped because not everyone made adjustments for it. Don't know the real numbers but I saw a post that said something like only 28% of folks made an adjustment. That means the rest of the folks just took a huge pay decrease, and now look more competitive price wise and most of these folks don't even know they are losing an additional 15%
I am fortunate that VRBO bookings immediately took over as my AirBnb bookings dropped off for sure.
It appears Airbnb has rolled back their service fee structure that charged the hosts 15.5%. Using PMS you now have the option to go back to the split fee (3% with additional charged to guest).
Just an fyi.
Hey Josh. Can you post your source for this? This is huge if true. Once I made the change on my airbnb listings, my airbnb bookings dropped significantly. Fortunately VRBO just went full on for me when that happened and VRBO (which used to be my primary, but in the last few years fell behind my AirBnb bookings) is now the OTA that is giving me the most bookings.
It is no surprise that it dropped because not everyone made adjustments for it. Don't know the real numbers but I saw a post that said something like only 28% of folks made an adjustment. That means the rest of the folks just took a huge pay decrease, and now look more competitive price wise and most of these folks don't even know they are losing an additional 15%
I am fortunate that VRBO bookings immediately took over as my AirBnb bookings dropped off for sure.
Go to your service fee options. It not shows both options again & just displays single fee as "recommended". No longer forces you to that option when using PMS.
Go to your service fee options. It not shows both options again & just displays single fee as "recommended". No longer forces you to that option when using PMS.
Go to your service fee options. It not shows both options again & just displays single fee as "recommended". No longer forces you to that option when using PMS.
I guess I need to call Airbnb and see what their plans are with this.
Go to your service fee options. It not shows both options again & just displays single fee as "recommended". No longer forces you to that option when using PMS.
I guess I need to call Airbnb and see what their plans are with this.
i doubt the average person you can get on the phone is going to know the broader plans. but if you hear something, please share
Go to your service fee options. It not shows both options again & just displays single fee as "recommended". No longer forces you to that option when using PMS.
I guess I need to call Airbnb and see what their plans are with this.
i doubt the average person you can get on the phone is going to know the broader plans. but if you hear something, please share
This is what Kenny Bedwell (owner of STR Insights) shared on FB:
"AIRBNB HOSTS - READ THIS!I’m sure you’ve been hearing the news and buzz around Airbnb quietly bringing back the split fee model where guests pay the majority of their fees.But what no one actually called Airbnb about it.We did…..Airbnb told us it is back only TEMPORARILY!They are reinstating the single host fee on June 22 (my birthday)!!!!They are playing the whole switch-a-roo. Steal back summer bookings from VRBO then switch everyone back to single fee.What does this mean for you:1. Mark June 22 in your calendars2. Remove your mark ups in your PMS if you are switching to split fees3. Make sure your pricing accurately reflects your changes.****We do NOT know if this impacts your ranking in the algorithm by switching to split fees. No one knows because it just came out yesterday. Beware of rumors and speculation. Trust the data.Sound off in the comments"
Go to your service fee options. It not shows both options again & just displays single fee as "recommended". No longer forces you to that option when using PMS.
I guess I need to call Airbnb and see what their plans are with this.
i doubt the average person you can get on the phone is going to know the broader plans. but if you hear something, please share
This is what Kenny Bedwell (owner of STR Insights) shared on FB:
"AIRBNB HOSTS - READ THIS!I’m sure you’ve been hearing the news and buzz around Airbnb quietly bringing back the split fee model where guests pay the majority of their fees.But what no one actually called Airbnb about it.We did…..Airbnb told us it is back only TEMPORARILY!They are reinstating the single host fee on June 22 (my birthday)!!!!They are playing the whole switch-a-roo. Steal back summer bookings from VRBO then switch everyone back to single fee.What does this mean for you:1. Mark June 22 in your calendars2. Remove your mark ups in your PMS if you are switching to split fees3. Make sure your pricing accurately reflects your changes.****We do NOT know if this impacts your ranking in the algorithm by switching to split fees. No one knows because it just came out yesterday. Beware of rumors and speculation. Trust the data.Sound off in the comments"
Go to your service fee options. It not shows both options again & just displays single fee as "recommended". No longer forces you to that option when using PMS.
I guess I need to call Airbnb and see what their plans are with this.
i doubt the average person you can get on the phone is going to know the broader plans. but if you hear something, please share
This is what Kenny Bedwell (owner of STR Insights) shared on FB:
"AIRBNB HOSTS - READ THIS!I’m sure you’ve been hearing the news and buzz around Airbnb quietly bringing back the split fee model where guests pay the majority of their fees.But what no one actually called Airbnb about it.We did…..Airbnb told us it is back only TEMPORARILY!They are reinstating the single host fee on June 22 (my birthday)!!!!They are playing the whole switch-a-roo. Steal back summer bookings from VRBO then switch everyone back to single fee.What does this mean for you:1. Mark June 22 in your calendars2. Remove your mark ups in your PMS if you are switching to split fees3. Make sure your pricing accurately reflects your changes.****We do NOT know if this impacts your ranking in the algorithm by switching to split fees. No one knows because it just came out yesterday. Beware of rumors and speculation. Trust the data.Sound off in the comments"
I will just keep everything as it is
I changed mine back. The problem is not that the guest pays the same fee. The problem is that when it was implemented a lot of AirBnb hosts that are not in the loop didn't do anything. Which means their STRs are now 15.5% lower than everyone that made the change. They are losing that money of course. I saw same stats that only like 30% of all AirBnb hosts offset their costs in the nightly rate (dunno if it was true, saw it on the Internet). So depending on the market you could have gotten completely priced out.
Glad it didn't impact you. After the change my AirBnb bookings dropped off the cliff. Fortunately VRBO picked up the slack immediately. 90% of my bookings shifted to VRBO since the change so I just flipped back to split fee. We will see what happens.
I'm not seeing anything on that. I will say the Fee Change did not effect us. I have passed the fee on to the guests and am still seeing occupancy north of 88% every month so far.
Im not really seeing a difference after the first week or two of the change. We increased our rates to match and the guest paid the same as they did before, just 1 less line item on the bill.
Im not really seeing a difference after the first week or two of the change. We increased our rates to match and the guest paid the same as they did before, just 1 less line item on the bill.
same with us. ABB booking didnt slow down, it surprisingly increased from previous years. As long as people werent over increasing their rates, the guests paid about the same and dont see the ABB fee on their side.
Well I just got an AirBnb booking this afternoon and it showing host fee is 3%. I just checked my airbnb settings and I still see it. This screenshot is at 11:05pm tonight.