EP036: With Scott Shatford, Founder of AirDnA
Summary
This article discusses revenue management strategies for short-term rentals, specifically focusing on how to establish a consistent pricing routine, interpret booking data, and adjust pricing. Hosts can benefit by reviewing their booking data, understanding booking windows, and making small daily price adjustments to optimize revenue. The article emphasizes that a consistent routine matters more than any single pricing rule.
Key Insights
- •Early bookings can indicate underpricing or upcoming events.
- •Reviewing every booking reveals pricing and demand signals.
Action Items
- ✓Make small daily price changes to increase exposure on OTAs.Effort: lowImpact: medium
- ✓Spot mistakes in minimum stays and pricing settings.Effort: lowImpact: medium
- ✓Review your booking data to identify pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
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