EP088: How Sandy Uses Airbnb To Travel The World
Summary
This article from 2016 discusses revenue management in short-term rentals, specifically focusing on how to set up daily and weekly pricing routines to optimize profits. Hosts should review booking data and adjust pricing based on demand signals, including early bookings and last-minute inventory. The article emphasizes that scheduling revenue management is key to success, and provides a framework for structuring pricing time.
Key Insights
- •Early bookings can indicate underpricing or upcoming events.
- •Last-minute inventory tells you about demand and visibility.
Action Items
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Make small daily price changes to increase exposure on OTAs.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry
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