1. How do you estimate Resortifi’s income?
Resortifi income calculator: how to value your Resortifi rentalYou can do this by multiplying your average daily rates by the occupancy rate. So, if you charge $100 a night with a 70% occupancy rate, you will multiply 100 by 0.70, followed by 365 for days out of the year. So, 100 x 0.70 x 365 = $25,550.
2. What is the average profit for a host?
According to industry reports, the average profit margin for a short-term rental property can range from 25% to 50%, with some properties earning even higher margins.
However, it's important to note that these margins can be affected by a variety of factors. For example, hosts may have higher operating costs than traditional long-term rentals, such as cleaning fees, property maintenance, and marketing expenses. Additionally, the income generated by hosts can be seasonal and subject to fluctuations in demand, which can impact profitability.
Ultimately, the profitability of the hosts will depend on various factors unique to each property, so it's important to conduct a thorough analysis of the market and operating costs to determine the potential profit margins for a specific property.
3. How can I access my earnings data?
Hosts who use professional hosting tools can access performance data for their earnings and income in the Performance tab, under Earnings.
Reviewing performance data
You can review your performance data across specific periods in the occupancy and rates section, as well as compare them to similar listings in the area. Learn more about tracking performance using filters and comparisons.
Earnings
Average nightly revenue: This is the average amount of money you’ve received from a booking, including fees you charge, before our service fee, taxes, or any other fees are deducted.
Total nightly revenue: This is the total amount of money you’ve received from a booking, including fees you charge, before our service fee, taxes, or any other fees are deducted.
Cancellation fees: These are the fees you get when guests cancel reservations.
Income
You can check your earnings for the year or by month, split into Completed Payouts and Upcoming Payouts.