Airbnb bookings nosedived

[Theresa P.]

I purchased a home in a prominent vacation area in Colorado a few years ago. I live in it part time and rent it out part time. For the past 3 years, STR bookings have been great. They've provided a steady source of income and I have had no shortage of bookings. Suddenly, starting in April of this year, my views on Airbnb have gone to zero. I've gotten zero booking requests since March. I've reached out to Airbnb, who scratched their heads and referred me to a generic article about lowering nightly rates. I've tried everything from lowering rates to reducing nightly minimums to offering discounts and nothing has moved the needle. I'm perplexed.

I'm wondering if anyone else has experienced something similar with their STR, if anyone has any insight or maybe even a recommendation of alternate STR platforms.

Thank you!

[Zach Edelman]

What specific market are you/is this property in? STR bookings and demand is obviously super market specific, so perhaps it's not as much you as it is the market? What I would recommend is seeing if there are any Facebook groups for Colorado STR or REI investors, perhaps even specifically for your market and asking these same questions there.