Airbnb Mogul Offers Insight Into How The Entertainment Industry And Others Affect The Airbnb Market

BEVERLY HILLS, CA – JULY 10: The gated entrance is closed to the Beverly House mansion of William … [+] Randolph Hearst and Marion Davies after the residence was put on the market this week for $165 million, the most expensive listing in U.S. history July 10, 2007 in Beverly Hills, California. The home, built in 1927, includes four houses, an apartment, and a cottage on 6.5 acres of land with three separate pools, 29 bedrooms, a movie theater, and a disco. Hearst bought the mansion in 1947 for about $120,000. Twenty years ago, the house went on the market with an asking price of $25 million, one of the highest at the time, but was not sold. So far, no U.S. home sale has broken the $100-million mark. John F. Kennedy and Jacqueline Kennedy honeymooned at the estate in 1953 and later used the mansion as the West Coast campaign headquarters for the Kennedy presidential campaign. The estate also appeared in the film “The Godfather”. (Photo by David McNew/Getty Images)

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Airbnb remains a source of excitement and entertainment for thousands of renters on a monthly basis. From vacation rentals, to business affairs, Airbnb has been the mainstream for renters nationwide.

Many recognize that Airbnb has a particularly unique ability to strategically target certain markets and audiences, which is most evident through understanding how multiple entertainment related industries have taken to Airbnb as an alternative source of income.

From social media star’s bachelor pads, to famous abodes from classic movies, Airbnb has seen it all. Recently amongst these renowned venues available to renters includes the infamous mansion from the hit series, The Godfather. The five-bedroom, six-bathroom mansion, built in the 1930s, is laid across 6,248 sq ft and features several modern amenities for people to enjoy. However, this is only one of the many luxurious, and highly attractive venues that Airbnb has to offer.

With all of these exotic venues comes a market that generates quite a bit of traffic. Millions of dollars on a yearly basis, in fact. This staggering amount of potential income has opened doors for hundreds of Airbnb investors who have strategized to capitalize on the massive amounts of traffic generated by the entertainment industry and other social media figures.

Aaron Spelling mansion in Beverly Hills CA, largest in Los Angeles.

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Amongst these moguls of Airbnb includes Chris Choi. Choi is the founder of a national Airbnb company. After beginning with only a single Airbnb whilst the rental platform remained in its initial stages of growth, he now has over 100 different rental properties spanning across seven different cities and five states. To no surprise, Chris Choi has effectively earned the moniker of a top 1% Airbnb earner who continues to expand his business endeavors. Part of his successes has to do with the fact that entertainment industries generate a substantial amount of traffic across Airbnb.

Choi informs us that, “These famous rental properties are such strong earners. They come with inherent marketing through the initial spark of their fame. Usually film, TV, or other entertainment related endeavors. From the reputation of the venue alone, there is a typical stampede of fans dying to book the venue and have an experience like none other.”

“Imagine owning a place like this as an Airbnb earner. Whether it is the mansion from The Godfather, or the 5.3 home from Breaking Bad, these extraordinarily popular films and shows generate traffic that essentially eliminates the need for extra expense marketing. Some of the best case scenarios are when investors acquire a property for minimal costs, and find out it has some sort of inherent value via a movie, TV show, or something alike. The marketing possibilities become endless.”

“Airbnb has opened up a lot of doors for me,” Choi added. “We’re projected to hit the $10 million revenue mark by the end of 2022. I mentor thousands of people on how to use Airbnb to generate additional profit. In conjunction, I’m in the process of building a tech company related to real estate, which helps me to solve problems I’ve frequently identified in the sector.”

Entrepreneur Chris Choi sitting down at a photoshoot.

Chris Choi

He concluded, “Ultimately, one of the most important aspects of any business is appealing to your clientele. In Airbnb, this means finding places people would love to rent, and utilizing a safe, secure and efficient system to facilitate the process. After all, what devout fans would not want to rent a venue that was a hotspot in their favorite movie, TV show, or featured on their favorite celebrities’ social media?”

“All of these different venues that hit the market effectively open eyes up to the possibilities that exist across Airbnb. These entertainment feats become effective marketing strategies, which ultimately contribute to the longevity and interest amongst Airbnb investors and renters alike.”

Conclusively, the realm of venues that exists across the Airbnb platform appeals to dozens of audiences. Interest continues to peak and expand as different industries across entertainment and social media aim to capitalize on this lucrative industry. Airbnb leaders such as Choi are at the forefront of rental innovation, and aim to continuously evolve alongside the opportunities arising from Airbnb.

Source: https://www.forbes.com/sites/joshwilson/2022/08/25/airbnb-mogul-offers-insight-into-how-the-entertainment-industry-and-others-affect-the-airbnb-market/