EP042: Airbnb Superhost Nada Di Guida From Italy Shares Her Secrets On Airbnb Hosting
Summary
This article discusses revenue management strategies for short-term rentals, emphasizing the importance of a structured approach, daily and weekly reviews of pricing and booking data, and adapting to different demand patterns. It highlights the differences between hotel and STR revenue management, and offers insights into how to identify bottlenecks and optimize CEO time in STR businesses.
Key Insights
- •Hotels can rely on last-minute demand but STRs cannot
- •Early bookings can indicate underpricing or upcoming events.
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness, volatile demand, and operational constraints.
Action Items
- ✓Make small daily price changes to increase exposure on OTAs.Effort: lowImpact: medium
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Schedule revenue management, don't react to it.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
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.
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Curated by Learn STR by GoStudioM