EP048: Managing a Startup House in San Francisco on Airbnb with Lauren Kelley
Summary
This Get Paid For Your Pad episode discusses revenue management strategies for STRs, emphasizing the importance of scheduled pricing routines, analyzing booking data, and adjusting pricing based on market signals. Hosts are encouraged to avoid relying solely on pricing tools and to build a consistent daily and weekly pricing routine for better revenue optimization.
Key Insights
- •Revenue management must be scheduled, not reactive.
- •Early bookings can indicate underpricing or upcoming events.
- •Reviewing every booking reveals pricing and demand signals.
Action Items
- ✓Establish a weekly pacing review using the Market Penetration Index (MPI).Effort: lowImpact: medium
- ✓Review bookings daily to identify trends and potential pricing adjustments.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com/)
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