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AirDNA is one of several analytic sites that helps property owners know what other BNB owners are charging for their properties, what their occupancies are, and even market trends for finding additional opportunities.
But it doesn’t always have the right information or revenue, which may cause your investment to be at a higher risk. If you read our AirDNA review, we went over how we found our own internal data within the AirDNA report and how we used it to save our Airbnb listing from certain destruction.
Ultimately, we feel market analysis tools like AirDNA is a non-negotiable investment. However, that doesn’t mean there aren’t alternatives you might be interested in as well.
Some of the AirDNA alternatives that actually work include Alltherooms Analytics (our top pick), Beyonds Insights, and Mashvisor. You can find several cheaper options through these sites and different information that will be more helpful to your Airbnb business.
If you’re looking for a second opinion for the data provided by AirDNA, then stay tuned!
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Unlock the Secret to Maximizing Your Airbnb Revenue
To manage your short-term rental income, you’ll need some decent alternate research tools that will help you do the same research and tracking as that of AirDNA. When you don’t have the budget to pay $20-200 per month for a research tool, it can be rather challenging to justify when you’re not making money to support your expense.
Unfortunately, even the best analytical tool will only show you the historical data of any given property. It would help if you had a good understanding of future trends and how to merge that with the historical data.
These alternatives won’t replace common sense or gut intuition, but they will help you create a plan or support your short-term rental business.
AirDNA Alternative #1: AllTheRooms Analytics
AllTheRooms is our top pick.
With AirDNA, you have to subscribe to markets specific to the region you’re looking for data in, but with AllTheRooms, they analyze short-term rentals anywhere globally (for the Pro plan).
This is much more helpful for investors to gain insights into where the opportunities outside of their current market, and what they should be doing with their properties.
This platform works, in many ways, like AirDNA, but at $14.99 per month with a $24.99 setup fee, it is a much cheaper option per month.
AirDNA Alternative #2: Beyond
Beyond is an app that helps you get the perfect price for your short-term rental properties by automating your dynamic pricing strategy. They also have sophisticated market insights like AirDNA that lets you track the performances within a given market.
All you need to do is input basic information, and in under a minute, your property is perfectly priced to compete with other properties and the neighborhood. It also connects you with the top property management systems and booking sites, and you can track your performance on one dashboard.
AirDNA Alternative #3: Wheelhouse Pricing
Wheelhouse allows you to automate your pricing and connects directly to your Airbnb listings, so your short-term rental is always priced competitively and fairly. The added benefit is that you can fine-tune the pricing strategy with last-minute discounts or seasonal adjustments.
It also gives you a personalized income strategy to optimize your profit margins.
The new market analysis tool gets data directly from Airbnb and works very similar to AirDNA, with an algorithm that detects events or sudden rental demand in your area and automatically adjusts your prices accordingly.
There are also two types of payment options:
- Fixed premium
- Percentage of bookings
This means that if you do a lot of high volume, you can save money by paying the fixed premium, but if you only have one property you only pay for what you use.
With market analytics, Wheelhouse makes a subscription for AirDNA redundant, plus you get an automated dynamic pricing tool for all of your listings. However, the analytics isn’t currently as in-depth as AirDNA, which allows you to see information on a room by room and guest by guest basis.
AirDNA Alternative #4: Smart BnB
Smart BnB is more of a property solutions package for many of the daily tasks of managing a property, including human conversations with customers, double-booking protection, pricing updates, and review management.
You can also analyze the financial and operational metrics so you can see what your business is doing.
AirDNA Alternative #5: Airbtics
Airbtics is an analytical tool that works well for Airbnb hosts who want to keep track of their properties and make their guests’ stay better due to some market gaps. The tool will find these gaps and point them out quickly.
You’ll also be able to find more rental properties based on their data on their aggregated platform, which means you’ll get a better picture of where the best properties are located.
AirDNA Alternative #6: Transparent Pricing
Transparent helps you analyze the best pricing strategies based on occupancy rates, demand, and competitor pricing. It also helps you learn guest origins, which will help you with marketing efforts. If you know where most of your guests are coming from, you have a better chance of creating customized marketing campaigns that will bring in more revenue.
You get a “return on investment” calculator that will show you what a certain property is worth and how much money you can get back from it.
AirDNA Alternative #7: Mashvisor
Mashvisor helps investors optimize their rental income strategy by showing the rental income and properties in a particular area, just like AirDNA.
By analyzing the rental pricing, occupancy rates, and seasonal trends of tourism, you can create a custom plan to increase your income. You’ll also find the highest performing neighborhoods and learn what attributes of a home attract the most guests.
The dashboard keeps everything in one place so you can focus on your business rather than your analytics. At up to $74.99 per month for the highest tier, this alternative is affordable after considering revenues of $10,000’s per year in bookings.
Which Alternative Should You Choose?
The alternative you use depends on your property, neighborhood, goals, and budget. If you have multiple properties, you might want to have a management service complete the daily tasks of booking, confirmation, and follow-up with customers. However, if you want to find the right properties for short-term rentals, you will want to use the analytics tools for finding the best neighborhoods and property types.
If your budget allows for AirDNA, then we recommend using that for it’s very in-depth statistics, but if your budget isn’t that large, the lower-priced alternatives will give you a lot more insight than just winging it.
Bottom Line
When you’re running a short-term rental property business, you need several alternatives to help make your business operations and growth easier for you for the most value.
Short-term rental properties can be challenging to get into and stay in due to the small profit margin you might see. There are risks of property damage and cleaning fees that come out of your sales. Maintenance fees to keep up the property can also eat into your profits.
