In today’s episode I talk about what makes the Airbnb market in Bangkok special and how these factors will shape the market in the future. From the specifics of empty, furnished condominiums in the heart of Bangkok, to its status as the most visited city in the world and the availability of infrastructure and personal it’s a short and direct look at why we’ll soon see some interesting developments in the local vacation rental market.
As promised on air, here’s a quick guide on how to get roughly $150 in accommodation credit with Airbnb.
In short, you get roughly USD 25 for signing up, USD 75 for renting out your place once (in addition to the rental payment you receive from your guest) and another USD 50 for your first business trip. You can increase that even further by bringing more people to the platform, but let’s start with how to make the above happen.
First, if you haven’t done so already, sign up for Airbnb. Before you do that though, ask your friends on Faceboook (or Twitter, Instagram, Tumblr, SnapChat, etc.) if any of them has an Airbnb coupon. Every existing Airbnb member can give you a discount coupon that not only gets you USD 25 off your booking, but also nets them a USD 25 travel coupon. It only takes a few seconds to make that Facebook post and you’ll give one of your friends an extra cool 25 bucks. That’s a nice thing to do. If you don’t have Facebook or don’t want to ask around, you can also use just google something like ‘Airbnb coupon’. Plenty of people will be happy to give you theirs.
Next, you can make another 50 USD by booking a trip through Airbnb as a business trip. For that you’ll have to sign up with a business e-mail. The bill doesn’t directly go to your company. You pay for it as usual, but you receive a proper invoice that is addressed to your company. Pretty much a no brainer if you run your own business, but I assume it’s even a legitimate option on those trips where you combine leisure with business. I feel that’s often the case for people coming to Bangkok, so if you don’t live here already, you might want to consider Airbnb for your next trip here.
Last, you want to get the USD 75 for hosting someone. It’s usually tied to a minimum spend off a guest – so if you thought of pulling a fast one and just have a friend stay – it doesn’t quite work out that way since Airbnb takes a fee of their booking and in the end you wouldn’t be any richer. Better to actually list your place at a competitive price when you’re out of the country. At this point some people don’t bother – and depending on your location it might not make much sense. Not every country sees the same influx of tourists as Thailand does. However, don’t forget that some people even look for long-term options because they are doing an internship somewhere, so even non-touristic places can sell on Airbnb.
Hosting however is its own bag of worms, so if you want to delve into that further beyond just getting your initial bonus, there’s no shortage of online communities of hosts that can share advice on descriptions, photos, selecting guests and other hosting headaches.
Hope this gives you a quick primer on the topic. If you have any additional questions, feel free to chime in in the comments!