Turning your home into a vacation rental is a great way to get into the real estate rental market with a minimal budget. In addition, converting a property into a short-term lease can maximize your income.
If you have decided that your property can be turned into a profitable tourist home then the next step is on which platform will be registered to advertise. The most obvious and common choice is the registration on the Airbnb platform designed based on the sharing economy model.
However, Booking.com is the largest tourist rental platform in the world and is a better solution as its company has integrated other major platforms such as Priceline, Kayak and many others. In this article we will compare listing real estate on Airbnb and Booking.com so you can decide which one suits you best.
Registering your property on Airbnb
Airbnb is specially designed to be friendly even to amateur hosts and real estate owners where they are now taking their first steps in the short-term rental industry. The trend of Airbnb has begun to take advantage of non-owner-occupied properties. Registering on the Airbnb platform is fairly easy and relatively fast. If you have professional photos and the ability to write a fascinating description of the accommodation you can easily register a home within 20 minutes. In addition, Airbnb gives you the opportunity to add attractive offers to easily get your first visitors.
The cost of registering on the platform is free and you will be charged if you book and the amount is 3% for Greece. Guests are charged an extra 17% extra on the price you set per night. The amount of taxation the owner is responsible to pay separately to the competent authority.
Registering your property on Booking.com
Compared to registering your home on Airbnb, the same process at Booking.com can be a headache for the owner especially if it is more than one home. Despite the difficulty with the platform registration system, downloading your home will not take long if you understand this system. The cost of registration is also free in this case, as here the charge is the same per booking, only the booking rate is 15% per booking without any extra costs for the visitor. Finally, another advantage of this platform is the creation of bids based on the needs of each host and allows for increased visibility and ranking of the accommodation relative to the competition.
Where should you register your home?
At the end of the day, an ideal answer to the Airbnb vs Booking.com question is both (and on any other short-term rental platform). None of these platforms have any contractual exclusivity commitments, so you can register your ownership on many sites. The problem with registering on many sites is that you will need to manually update availability each time your property is booked. If you are not fast enough, you will encounter the problem of double bookings and other conflicts with what this entails for both your profile and any penalty shootout.
We at lovebnb.gr choose more than 2 platforms for each property. Because our goal is to maximize the chances of a booking on your property.
If the above actions seem daunting and complicated to you, we have the solution. All you have to do is book an appointment immediately with a LoveBnB.gr representative in your area who will solve any queries and explain in detail how we will plan your property utilization strategy.
