Refund/ insurance strategy for more profit?
The Millers
Registered: 2/2/19
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Refund/ insurance strategy for more profit?
Jul 27, 2020 11:41 AM
Does anyone do this? The point for me is I hate the cancellation policy of Air BnB that allows people to cancel up to 14 days before arriving. It costs me a lot of time and money. If people cancel with the travel insurance offered through ownerrez/ lynnbrook, I believe I still get paid (can someone verify this?), and not only that, I can re-book those same dates again, thereby making double. It's a win win for the guest, for me, but maybe not for Airbnb or the insurance company. Thoughts? |
Joe S
Registered: 7/4/19
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Re: Refund/ insurance strategy for more profit?
Jul 27, 2020 11:04 PM
Right now, we have more strict policy with VRBO, a 30 day no questions with AirBNB. I typically refund though. I am out 3%, but I have not had a date not re-book, often the same day, yet. Now, we may have a long road ahead, and some folks have more total annual spend, and concern that I do. It may be worth setting a strategy that way you have described above, curious what difference the difference would make though, what % of cancellations are you seeing? What is your high season? Mine is now, not much unknown. We crushed July, we just can't go back in time to March/April. |