EP007 – Interview w/ Airbnb Host Shara Johnson from Nederland, Colorado

Get Paid For Your Pad
Published: July 28, 2014
Pricing & Profitability

Summary

This article discusses revenue management strategies and how to optimize pricing for short-term rentals. It covers topics like daily and weekly pricing routines, the importance of booking reviews, and the impact of booking windows. Hosts should focus on scheduling revenue management, reviewing bookings for pricing signals, and understanding the nuances of the market.

Key Insights

  • •Early bookings can indicate underpricing or upcoming events.
  • •Revenue management must be scheduled, not reactive.
  • •Reviewing every booking reveals pricing and demand signals.
  • •Small daily price changes can increase exposure on OTAs.

Action Items

  • ✓
    Schedule revenue management routines.
    Effort: low
    Impact: medium
  • ✓
    Review every booking to reveal pricing and demand signals.
    Effort: low
    Impact: medium
  • ✓
    Make small daily price adjustments to increase OTA exposure.
    Effort: low
    Impact: medium

Tools & Resources

  • →
    Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)

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