The Airbnb management industry in Prague, Czech Republic has been gaining significant popularity in the last 5 years, but MasterHost has been offering short-term rental services here since 2015.
We specialize in full-scope vacation home management services that include everything from professional photography and listing creation to daily price optimization, listing SEO, multi-channel marketing, full guest communication, property maintenance, keys exchange, Airbnb cleaning and laundry, check-ins and out, home staging and so much more.
Our Airbnb management packages start from 8% per booking and are offered across all neighbourhoods of the 10 districts of Prague including Žižkov, Vinohrady, Karlín, Vršovice, Holešovice, Nusle, Smíchov, Štěrboholy, Žernoseky, Kbely, Šeberov, Dejvice, Kobylisy, and Pankrác and many others.
Years on the market
Offering Airbnb Management Services in Prague since 2015
Per booking
Most Competitive Airbnb Management Fees in Prague
Properties
One of the Largest Airbnb Management Portfolio in Prague
Forget about the stress of Airbnb property management in Prague and let our team take care of your guests so that you can relax and enjoy your free time while earning more from your investment. Your hassle-free Airbnb management experience in Prague begins with three simple steps:
“Simply the best Airbnb management company in Prague! I totally trust their expertise and professionalism.”
“Masterhost is managing my Prague house and is demonstrating strong results. With my listing calendar mostly booked and the rates significantly higher than last year, I’m certain they know what they are doing.”
It is a known fact that most countries, provinces, cities, and often even strata buildings have special rules and bylaws that directly or indirectly regulate the Airbnb licences in Prague that are required to list on the platform. MasterHost will be your trusted and knowledgeable source of information in this complex process. We will guide you all the way when it comes to working with the municipalities and building stratas ensuring that you meet the Airbnb licensing requirements in Prague.
When it comes to making your listing stand out from the competition, superior Airbnb Interior Design in Prague is among the top priorities. This in turn will allow you to significantly increase guest traffic. It is crucial to understand how your property should be staged in order to highlight the key features. This will affect your bookings and experience of your guests. Let our Airbnb Interior Design partners improve the aesthetics of your property in Prague and increase its value.
The first impression counts the most and that is a fact! Investing in Airbnb Professional Photography in Prague is one of the most important steps you will need to take during the Airbnb rental journey. MasterHost will arrange for our Airbnb photographers in Prague to make your listing stand out from the rest.
We know the short-term rental and vacation management industry in Prague inside out and over the years we have seen it all. Our goal is to connect you with the most trusted home insurance providers. Only with them can you have peace of mind and be certain that your home and your guests are safe and insured during their stay.
We work hard to stay up to date with Airbnb Search Engine Optimization (SEO) in Prague. With years of experience and constant improvements, we continue getting our clients’ listings in the top Airbnb search results. We use many different strategies and analyze response rates, cancellations, headings and listing content, photos, reviews, and much more.
Because of the nature of our business model and unlike most of the competition our main priority is to achieve highest occupancy rates at the top nightly prices. MasterHost employs many Airbnb Price Optimization tools in Prague and uses Big Data competitive analysis, seasonality, hotel industry, and local events. This allows us to stay ahead of the competition.
The main elements of our Airbnb Booking Management in Prague are calendar management, multi-channel capabilities, guests vetting and communication, instant booking settings, price optimization, and booking confirmation. Most of this work is completed before the guests arrive behind the scene.
We ensure that the most challenging part of Airbnb property management in Prague is handled with ease. If done incorrectly it can easily destroy the guests’ entire experience. Yes, you’ve guessed it – we are talking about Airbnb key exchange management in Prague. We will make sure to provide your guests with seamless 365/24/7 access to your property. No matter what time of the day or night they arrive you can be certain that they will enter your property.
When you sign up with MasterHost it will be our job to prepare a custom Airbnb Guest Book that will be distributed to all future arrivals. The Guest Book will highlight your property listing the most important instructions about the unit, the parking, amenities, emergency contacts, WiFi, house rules, strata bylaws, trendy restaurants, and coffee bars in Prague.
What is Airbnb Concierge Service in Prague? Often overlooked by inexperienced hosts this is a crucial element of our overall Airbnb Management Strategy. It can earn you a significant added cash flow when executed correctly. For example, we can offer your guests services like guided excursions and tours, Airport pick-ups and transfers, booking tickets to local events and shows, reserving space at restaurants and so much more.
We will share our corporate secret with you and let you know the most common reason why hosts fire their Airbnb property managers before switching to MasterHost. Poorly executed Airbnb Cleaning and Laundry get mentioned most often in the negative reviews. We understand that our cleaners’ performance directly impacts the reputation of your listing. That is why we take Airbnb Cleaning in Prague very seriously. We invest in training and building our cleaning team to offer you a 5-star hotel cleaning experience in Prague.
Preventative Airbnb property maintenance in Prague remains on the top of the list of all sophisticated Airbnb investors and for a good reason. If you complete them on a regular basis you can prolong the life expectancy of your real estate investment. The last thing you want is a loss of revenue in the middle of your peak season because you have failed to perform routine maintenance of your property in Prague.
Based on the latest short-term rental market statistics Airbnb is the most popular platform in Prague with 92% of the market share. VRBO/HomeAway is standing in second place with a market share of 5%. Booking.com and TripAdvisor have the third largest share of the market at 3%.
MasterHost uses all tools at our disposal to achieve superior results. One of the most important tools is Airbnb management software with multi-channel capabilities and native integrations. With this software at hand, we are able to reach 99% of the entire Prague short-term rental traffic. Achieving maximum occupancy rates throughout the year for your Airbnb property has never been this easy!
10%
per booking
12%
per booking
8%
per booking
Airbnb Insurance Consulting
Airbnb Key Exchange
Airbnb Cleaning & Laundry
Airbnb Property Maintenance
Airbnb Guests Communication
Airbnb Listing Creation
Airbnb Listing SEO
Airbnb Booking Management
Airbnb Price Optimization
Airbnb Guest Screening
Multi-Channel Management
Payment Processing
Airbnb Guest e-Book
Airbnb Concierge Service
Airbnb Licensing Support
Airbnb Interior Design
Airbnb Photography
What Does Prague Airbnb Market Look Like?
Prague is a city in the Czech Republic. It is famous for its cultural life. It is very famous among the guests. The average occupancy rate was 93% in August. The daily rate is $95. The average revenue generated by each rental in Prague is $1.6K. You can invest in the market as this market is not as competitive as others, there are only 6K rentals currently operating in the market, and after the pandemic, there are chances of boosting tourism as before. There are high chances of profitability for your business.
Is Running an Airbnb Business Profitable in Prague?
The covid pandemic hit rental businesses hard as tourism was closed all around the world. However, the good news is that businesses are rising again as tourism has started all over the world. Prague is profitable because its occupancy rate is relatively higher than other markets. There are chances of increased daily rate and revenue because the city will attract more visitors as time will move on. In addition, you can increase your profitability by making available the basic amenities.
How is Airbnb Business Regulated in Prague?
If you are renting your place professionally and regularly to earn profit. You will need a business license in this case. To erase the confusion you should ensure your position with the authorities’ website or your legal advisor. The general business license can be acquired either online from the Trade Register website or offline from the trade office. You also may need to pay taxes if you are an Experienced Host, there are two taxes applicate the Value added tax (VAT) and Income tax.
Why Choose MasterHost as an Airbnb Management Company in Prague?
MasterHost helps in managing your rental business efficiently to ensure your business remains sustainable. MasterHost provides licensing support, and multiple listings with professional photography to make your listing attractive. MasterHost also does interior designing of the rental. It provides 24/7 concierge service and key exchange. MasterHost can manage your guests along with laundry, and rental maintenance. You just need to sit back and relax while your business makes a profit and the positive reviews and ratings pour in.
What Are the Airbnb Daily Rates in Prague?
The daily rate is the charge the guest has to pay for a certain period. The average daily rate of Prague rentals is $95. Daily rates vary according to seasons and the demand of the guests. If the season is not too busy the daily rate comes down as it does in winter months this year the daily rate dropped to $79. likewise, the daily rates increase when the market is busy. The highest daily rate is $107 which was recorded in April this year.
What Are the Most Popular Rental Platforms in Prague?
The popularity of rental platforms is determined by how many listings they have on their platform. The most popular rental platform currently in Prague is Airbnb with 91% of listings alone on its platform. VRBO is not nearly as popular as Airbnb, it only has 3% of listings. 6% of the rentals are listed on both of the platforms. Multiple listing is a strategy to ensure that your rental is available to a large number of guests.
What Are the Airbnb Rental Types and Sizes in Prague?
There 82% of the rentals present in the market are entire homes. The most popular of them are rentals with one bedroom. There are private rooms also popular in the city. 16% of the active rentals in Prague are private rooms. Shared rooms are the least popular of them all, with only 1% of presence. Rentals with two or more rooms are not as popular as bedroom rentals. The studio is also fairly popular in the rental, there are 11% of the rentals are studio.
Is There Any Seasonality in Airbnb Business in Prague?
Prague is affected heavily by seasonality. The summer season lasts from June, July, and August, the moderate months of Augusts are the most favorable for visitors to visit the city. Then guests are least interested in visiting the city in the winter months because in winter the temperature drops from -1°C to -4°C, it is hard to explore the city in this cold. Otherwise, on normal days there is an average occupancy rate in the rentals and tourists constantly visit Prague.
What Are the Minimum And the Average Stay Duration in Airbnb Rentals in Prague?
Minimum stay duration is a strategy to save the rentals from being vacant on the weekends. There are a large number of rentals in the market that have imposed two or more days of minimum stay duration. 39% of the rentals have two days of minimum stay duration. There are however rentals present in the market that do not have any minimum stay duration imposition in their rentals. Guests can stay for only one night as well.
