Airbnb introduces temporary cancellation policy
Summary
This article is a collection of podcast episode summaries from "Get Paid For Your Pad" that cover revenue management routines, CEO strategies, and comparing hotel and STR revenue management. Hosts should focus on refining their pricing strategies, understanding their booking windows, and analyzing the market to boost revenue.
Key Insights
- •Early booking data suggests large homes are getting picked up first in areas with high demand.
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness, booking windows, and operational constraints.
- •Cities hosting FIFA World Cup matches will likely see varying degrees of ADR lift, and some may outperform larger cities based on demand and hotel supply.
Action Items
- ✓Review your booking data to identify pricing signals and demand trends.Effort: lowImpact: medium
- ✓Consider implementing small daily price changes to increase exposure on OTAs.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry
Watch Out For
- ⚠Don't overcorrect pricing too quickly; small adjustments compound into meaningful revenue gains over time.
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