We want to target airbnb users, because this is where most of transactions are happening, and this is where it's easiest to rent out your flat if you're the host.
We are aiming to offer you a full service, which consists of welcoming guests in the flat, giving them keys, and then checkout plus cleaning for about 60 pounds.
From my experience for many people this is worth cost as otherwise you are just unable to rent out a flat, and this fee is less then one night in flat in London.
60 quid sounds very reasonable for that service. Getting someone over there to wait until they turn up and getting cleaners in and out quickly would be impressive for that price.
I feel that the problem with One Fine Stay is it's just too pricy. Most people who Airbnb do it for the extra income. Giving 20%! doesn't make a lot of sense.
20% for full service management on-demand is a bargain if you compare it to the cost of what vacation rental full-service management goes for which is usually closer to 30% and requires signing a longer-term contract.
The fact that they can provide it for that low of margin is actually pretty impressive.
We are aiming to offer you a full service, which consists of welcoming guests in the flat, giving them keys, and then checkout plus cleaning for about 60 pounds.
From my experience for many people this is worth cost as otherwise you are just unable to rent out a flat, and this fee is less then one night in flat in London.