The saturation in the AirBnB market has made it more difficult for accommodations to differentiate themselves from one another. Continuing to differentiate your property has tremendous effects on the profitability of your rental property venture.
There are many factors that affect occupancy rate as well as nightly rate fee at your VRBO Rental Property– a few of those being:
- Location
- # of Beds
- # of Baths
- Aesthetic of Home
- & Amenities
Within amenities, one of the most common additions is a Hot Tub. Here is a great article written by a Ramon Meris in late 2023 outlining the value that a hot tub can have on 1.) price per night 2.) occupancy rate 3.) annual income.
1.) After looking at 4 major metropolitan cities, having a hot tub increases your occupancy rate across all of them, with some locations having a larger impact than others.
2.) You also make significantly more per night by having a hot tub at your AirBnB as outlined by the below table. Los Angeles specifically, as an example, had an additional revenue of $212.64 per night when a hot tub was available at the rental property.
3.)The above two factors (price / night and occupancy rate) impact your annual revenue as shown in the below graph. You will notice the annual revenue is substantially impacted when you increase price / night and occupancy rate.
OK, so what about the Aquavoss Model 2? Well, the Aquavoss Model 2 boasts a hot tub and a cold plunge. Across the country, celebrities have talked about their use of cold plunges into their daily routines and the trend has become enormous. Cold plunges are becoming mainstream, however it has not been adopted by most AirBnBs yet due to the nascency of the trend. That being said, your guests love them as they are all the rage.
Because cold plunges are not largely available at AirBNBs yet, this is a true differentiator between yourself and other options for your guests to stay at.
The beauty of the Model 2 is that it also has a hot tub as shown in the image below. You can now advertise your AirBnB as having a hot tub and a cold plunge. The hot tub effect on AirBnBs is proven and now you have the opportunity to purchase one product that has a hot tub and a cold plunge which will have an even larger impact on your monthly stay.
Does the math make sense for your AirBnB?
Your AirBnB is your business so while this product is undoubtedly cool and trendy, will you make money?
Well, the above business case was made for adding a hot tub. An above ground hot tub ranges from $6K on the low-end to $35K on the very high end. A budget hot tub on average at your local retailer will range from $8K-13k.
On the cold plunge side, there are a few reputable cold plunge brands out there. The price of a quality unit that will not give you a headache will range from $5K on the low end (e.g. Plunge) to $10K (Renu) and up to $13K (Morozko).
Assuming you purchase a low-end budget hot tub ($8K) and a low-end cold plunge ($5k), your all-in price is roughly $13K.
The Aquavoss Model 2, which uses the technology of a high-end hot tub and a high-end cold plunge is priced at $11,995 including shipping and taxes. This is less than the price of a budget solution that you would get by buying them separately. You additionally retain the benefits of having a uniform look for your AirBnB, more concise use of your real estate space, and the benefit of working with one company rather than splitting up your rental properties wellness center with different companies.
Not to mention, the Aquavoss Model 2 is sleek and a product of luxury which your guests will love!