EP055: Kelly Kampen Introduces TravelersChat
Summary
This article is a collection of episodes from the "Get Paid For Your Pad" podcast. The episodes cover revenue management, CEO strategies, the differences between hotel and STR revenue management, and strategies for avoiding operational overwhelm.
Key Insights
- •CEOs of STR businesses often waste time on low-value activities, leading to decision fatigue and hindering business growth. Pattern recognition becomes a key skill.
- •STR operators can use early booking data to understand pricing and demand signals.
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness (every listing is a mini-hotel), booking windows, and operational constraints.
Action Items
- ✓Review bookings regularly to identify pricing and demand signals.Effort: lowImpact: medium
- ✓Re-evaluate priorities and identify bottlenecks to increase business momentum and strategic focus.Effort: mediumImpact: high
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry.(https://www.freewyldfoundry.com/)
Common Mistakes
- ⚠Don't confuse activity with progress; focusing on low-value tasks can hinder growth.
- ⚠STR operators make mistakes when not understanding how booking behavior reveals pricing signals.
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Curated by Learn STR by GoStudioM