{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5afc793a028014b853c89db4/6917913c1029ec1fed04b069?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Airbnb's New Cancellation Rules: What Every Host Needs to Know (October 2024 Update)","description":"<p><strong>🔥 Get Your Free Revenue Management Report: </strong><a href=\"https://www.freewyldfoundry.com/report\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>https://www.freewyldfoundry.com/report</strong></a></p><p>In this Rev Up Monday episode, Jasper dives deep into one of the most overlooked aspects of revenue management: cancellation policies. Learn why your strict cancellation policy might be costing you thousands in lost bookings and discover the optimal policy for your specific market and property type.</p><p><br></p><h3>Key Topics Covered:</h3><p><br></p><p><strong>The Hidden Cost of Strict Policies</strong></p><ul><li>Why strict cancellation policies discourage early bookings</li><li>How policies impact your booking window and revenue</li><li>The psychology behind guest booking decisions (44% of guests prioritize free cancellation)</li></ul><p><br></p><p><strong>Breaking Down Every Airbnb Policy</strong></p><ul><li>Super Strict 30/60 (avoid)</li><li>Firm: 30-day cancellation window</li><li>Limited: 14-day cancellation window (NEW)</li><li>Moderate: 5-day cancellation window</li><li>Flexible: 24-hour cancellation window</li></ul><p><br></p><p><strong>Market-Specific Strategies</strong></p><ul><li>Short booking window markets (like Miami): Go flexible</li><li>Seasonal markets (ski/beach): Consider firm for peak season</li><li>Stable mid-tier cities: Moderate or limited works best</li><li>Large homes vs. small units: Different policies for different property sizes</li></ul><p><br></p><p><strong>Advanced Tactics</strong></p><ul><li>Using flexible policies to recover from bad reviews</li><li>Temporary policy changes to boost momentum</li><li>The \"last man standing\" strategy for 100% occupancy markets</li><li>Balancing protection vs. booking velocity</li></ul><h3><br></h3><h3>Action Items:</h3><ol><li>Check your current cancellation policy immediately</li><li>Review your market's booking window patterns</li><li>Consider loosening your policy if bookings are slow</li><li>Test different policies for different property sizes</li></ol>","author_name":"Freewyld Foundry"}