EP004 – Guest Interaction, Interview w/ Kevin Koskella, Airbnb host from San Diego
Summary
This article is a collection of podcast episode summaries from "Get Paid For Your Pad" that cover revenue management, CEO focus in STR businesses, comparing hotel and Airbnb revenue management, and overcoming operational overwhelm. Hosts should review these topics to optimize their pricing strategies, improve operational efficiency, and avoid common pitfalls.
Key Insights
- •The article suggests that major cities such as New York, Los Angeles, Miami, and Mexico City may experience lower price elevation due to hotel supply.
- •Countries like Germany, Brazil, Spain, England, and Argentina are expected to drive heavy international travel during the FIFA World Cup.
- •STR pricing is dramatically harder than hotel pricing due to factors like product uniqueness, booking windows, and operational constraints.
Action Items
- ✓Identify your business's biggest bottleneck and focus on solving it.Effort: mediumImpact: high
- ✓Review your booking data to spot underpricing or upcoming events.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry.(https://www.freewyldfoundry.com/report)
Common Mistakes
- ⚠Most hosts underperform not because they lack tools, but because they don’t know what to look at, when to look at it, or how to interpret booking behavior once it shows up.
- ⚠Trying to fix everything at once slows growth.
More from Pricing & Profitability
This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.
Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.
Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.
Curated by Learn STR by GoStudioM