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5 Practical Tips For Airbnb Hosts To Survive MCO And Its Aftermath, From Industry Experts

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In 2019, the Malaysia tourism trade introduced in 26.1 million vacationers who spent round RM86 billion, a rise of two.4% in comparison with 2018. 

Nonetheless, with the pandemic, Malaysia’s tourism trade is predicted to make a lack of RM3.37 billion inside the first two months of the 12 months, and specialists are predicting that it’s going to take the nation no less than 10 months to recuperate too.

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To negate a few of the damages, Airbnb supplied visitors refunds on their service prices by way of coupons for cancelled bookings in hopes that individuals will guide via the platform once more as soon as MCO lifts.

With that in thoughts, HostAStay, a platform that helps join vacant property proprietor to host and assists Airbnb hosts with coaching, session and administration, hosted a web based convention on March 30.

They introduced in a number of key gamers from the tourism trade similar to Rohan Raghavan (Business Supervisor for Google Malaysia), Michael Tan (Director of Freemen Schooling), and Dato’ Sri Gavin Tee (President of Swhengtee Group) to provide their insights on how a number ought to function through the MCO and in addition after the MCO is lifted in Malaysia.

1. Get Facet-Gigs Or Briefly Pivot The Function Of The Unit

The panel suggested short-stay hosts to attempt to transition to do one thing else as a substitute, as they see the demand for short-stay models reducing within the coming months.

Michael mentioned hosts might attempt to convert their models into quarantine centres, so the people who find themselves contaminated can select to isolate themselves and have a spot to remain. You may additionally consider offering meals and medical help for the visitors.

One of many panel discussions / Picture Credit score: HostAStay

Dato’ Sri Gavin Tee chimed in and mentioned that hosts also needs to probably look into offering staycation sort models as he believes native travelling will enhance this 12 months.

Jordan Oon, the CEO of HostAStay later added that hosts can probably even transition into providing their models as video taking pictures studios and digital workplaces to get some money rolling in.

2. Convert Your Unit Into Lengthy-Keep Models

Hosts that may transition their models into long-stays can seize a brand new market that they’ve not explored earlier than because the specialists can see the shift coming. 

Michael then shared that a few of the visitors won’t be seeking to keep in shared models anymore, to maintain themselves secure from being contaminated.

So long-stay models would possibly entice younger grownup staff on the lookout for a unit to remain within the metropolis.

Jordan introduced up firms like Tujia in China, who’re already trying into long-stay models.

“[Current] short-stay models have an enormous benefit over present long-stay models as they’re extra well-renovated and have higher high quality. It will give the tenants extra purpose to maneuver from their present models into beforehand short-stay models.”

Caption: 4th from the left – Jordan Oon, the CEO of HostAStay toured to Tujia’s HQ in China earlier than the MCO / Picture Credit score: HostAStay Fb

3. Use Information Assortment To Construct Model Loyalty

Rohan talked about that in a lot of the locations that he stayed in, the hosts weren’t even there to greet him in individual, they usually didn’t ask anything apart from his function of visiting.

However throughout this era, he believes constructing model loyalty is essential. By placing the shoppers first, it’ll present that you simply truly care, and after they’re pondering of travelling, they’ll maintain you in thoughts.

He advises hosts to contact ex-guests as a begin.

A easy survey could be all it’s essential to accumulate information in your ex-guests. Within the survey, you possibly can ask questions on what could be improved or what they appreciated about their keep.

With the info you collected, you possibly can then tweak your unit accordingly after MCO lifts.

Adni M. Fauzi, the CEO of Tawakkal Homestay agreed with the assertion saying that if you wish to proceed on this enterprise, you’ll should continue learning and through the MCO, it’s the greatest time to study.

Jordan added that as a number, you could undertake a hospitality mindset as a substitute of getting a property mindset of on the lookout for a revenue. Pondering of how to make sure your visitor would get a memorable and good keep is essential in constructing model loyalty.

4. Test Out The Competitors

Eric Wong, one of many co-founders of Sync Academy additionally suggested attendees to study from skilled hosts. Earlier than he joined the trade, he stayed in different Airbnbs to get some data on the right way to run a profitable unit.

Eric throughout one in every of his talks / Picture Credit score: Eric Wong

“Attempt renting a unit within the space that you simply’re attempting to begin. In case your property has Three rooms, attempt to lease a unit with Three rooms and expertise how different hosts handle their unit.” 

He mentioned that for those who expertise one thing you’d wish to have in your unit, you possibly can attempt to replicate it in yours. If there’s one thing you dislike, you possibly can keep away from doing so in your unit.

With this data, you possibly can then make smarter selections on the renovation of your unit.

5. Maintain An Eye Out For Potential Collaborations

“In instances like these, everybody ought to work collectively as a substitute. Work out the right way to collaborate with folks exterior your trade and get one thing going,” Michael insisted. 

For instance, in case your unit is positioned close by well-known eateries, you possibly can attempt to strike up a partnership with them and provide visitors that stay in your unit a reduction on meals. Alternatively, the eateries can provide their clients reductions in your unit in the event that they want to keep close by.

By collaborating with extra native gamers, you’ll construct a way of group and you’ll then present higher offers and reductions to your visitors. 

A screenshot of the panel / Picture Credit score: HostAStay

Jordan pressured that collaboration is required as a result of everyone seems to be already affected by the consequences of COVID-19 and dealing collectively will permit everybody to maximise their acquire and cut back dangers.

He hopes to see different like-minded gamers within the trade be part of palms and collaborate, particularly through the disaster.

-//-

As an organization within the tourism trade, Jordan mentioned that HostAStay has a number of plans transferring ahead, as he sees MCO as an opportunity to digitise their data and share it to the world. And this on-line convention is without doubt one of the methods they’ll do exactly that.

The HostAStay workforce throughout an organization outing / Picture Credit score: HostAStay

He foresees the corporate as an info hub to drive tourism again to its peak. Then after the whole lot has normalised, they may then flip their focus again on the hosts to help them in producing higher revenue and function effectively.

  • For more information on the HostAStay Brief-Keep convention right here.

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