EP056: Airbnb Hosting in Omaha, Nebraska, with Megan Hunt
Summary
This article discusses revenue management strategies for short-term rentals, focusing on daily and weekly pricing routines, booking reviews, and market analysis. Hosts can improve profitability by scheduling revenue management, analyzing booking behavior, and making small, consistent price adjustments. It also includes the importance of CEO focus and the challenges of pricing STRs compared to hotels.
Key Insights
- •Booking windows shape revenue strategy in ways hotels never deal with.
- •Early bookings can indicate underpricing or upcoming events.
- •Reviewing every booking reveals pricing and demand signals.
- •STR pricing is dramatically harder than hotel pricing.
- •Revenue management must be scheduled, not reactive.
Action Items
- ✓Schedule time for revenue management instead of being reactive.Effort: lowImpact: medium
- ✓Review bookings daily to identify pricing signals and demand trends.Effort: lowImpact: medium
- ✓Consider making small daily price changes to increase exposure.Effort: lowImpact: medium
Tools & Resources
- →Jasper Ribbers: Follow Jasper Ribbers(https://www.linkedin.com/in/jasperribbers)
- →Freewyld Foundry: Follow Freewyld Foundry(https://www.linkedin.com/company/freewyldfoundry)
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com/)
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry(https://www.freewyldfoundry.com/report)
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