We operate two 1/1's a few blocks West of the Pearl in San Antonio. We've generally been able to coast along without any real understanding of the algorithm but I think that to do well in this environment we need to up our game. I am hoping we can get a discussion going we can all learn a thing or two from, perhaps we can get a discord group up and running?
We've seen a 20% reduction (down to 60% occupancy for last 30 days) in average occupancy rate this month and the slope of our future bookings are way off the normal pace as well. We went through and updated our listings to have better SEO and added some recent review quotes to pictures in an effort to keep people on our pages longer. We're also going to expand to VRBO in an effort to help with more view.
One of my biggest questions is how to increase our booking conversion rate. Here are some of our stats for the last 30 days:
I can't imagine .37% is very good but I also don't understand how these are calculated. According to our data we're .03% higher than similar listings in our area, so right about average. What's really odd is that one of the apartments is a workhorse and the other lags behind about 10%. They have all the same finishes and furniture but the work horse is an open layout, the other is more closed off with a true living room and kitchen.
Apartment 2
Apartment 3
Here are our two listings. We have 98 more wishlist additions over the last 30 days than similar listings, which I understand is an important metric to the algorithm. The trend is down here too. PS, if you happen to check out the listings please consider giving us a wishlist addition, that's good for a temporary boost.
If anyone has any insight, or references where I can learn more I would appreciate it.
TIA
We've seen a 20% reduction (down to 60% occupancy for last 30 days) in average occupancy rate this month and the slope of our future bookings are way off the normal pace as well. We went through and updated our listings to have better SEO and added some recent review quotes to pictures in an effort to keep people on our pages longer. We're also going to expand to VRBO in an effort to help with more view.
One of my biggest questions is how to increase our booking conversion rate. Here are some of our stats for the last 30 days:
- .37% overall conversion
- 58.4% first page search impression
- 9.78% search to listing
- 3.78% listing to booking conversion
I can't imagine .37% is very good but I also don't understand how these are calculated. According to our data we're .03% higher than similar listings in our area, so right about average. What's really odd is that one of the apartments is a workhorse and the other lags behind about 10%. They have all the same finishes and furniture but the work horse is an open layout, the other is more closed off with a true living room and kitchen.
Apartment 2
Apartment 3
Here are our two listings. We have 98 more wishlist additions over the last 30 days than similar listings, which I understand is an important metric to the algorithm. The trend is down here too. PS, if you happen to check out the listings please consider giving us a wishlist addition, that's good for a temporary boost.
If anyone has any insight, or references where I can learn more I would appreciate it.
TIA
