EP045: Joshua Tree National Park Airbnb Hosting w/ Cliff Tang
Summary
This article discusses revenue management in short-term rentals, specifically focusing on how to establish daily and weekly pricing routines. It highlights the importance of analyzing booking data, understanding booking windows, and making small price adjustments to optimize revenue. Hosts should create a regular pricing cadence and review booking behavior to optimize their revenue.
Key Insights
- •Early bookings can indicate underpricing or upcoming events.
- •Reviewing every booking reveals pricing and demand signals.
- •Revenue management must be scheduled, not reactive.
- •Small daily price changes can increase exposure on OTAs.
Action Items
- ✓Review your booking data to identify patterns.Effort: lowImpact: medium
- ✓Schedule revenue management, don't just react to price changes.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry(https://www.freewyldfoundry.com/report)
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
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Curated by Learn STR by GoStudioM