EP060: w/ David Ordal, CEO of Automated Pricing App Everbooked

Get Paid For Your Pad
Published: April 14, 2015
Pricing & Profitability

Summary

This article is an episode of the "Get Paid For Your Pad" podcast discussing revenue management strategies. It emphasizes the importance of a structured pricing routine, reviewing bookings, and making small, consistent price adjustments to maximize revenue. Hosts should regularly analyze their pricing and booking data to identify opportunities and avoid common pricing mistakes.

Key Insights

  • •Small daily price changes can increase exposure on OTAs.
  • •Early bookings can indicate underpricing or upcoming events.

Action Items

  • ✓
    Spot mistakes in minimum stays and pricing settings.
    Effort: low
    Impact: medium
  • ✓
    Review every booking to reveal pricing and demand signals.
    Effort: low
    Impact: medium
  • ✓
    Consider how weekends require different attention than weekdays.
    Effort: low
    Impact: medium

Tools & Resources

  • →
    Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)

Related Videos

Thumbnail for Michael Chang
2:57
Want to see what your potential short-term rental ROI is? 1️⃣ Follow me 2️⃣ Comment
174 views90
Pricing & Profitability
intermediate
Thumbnail for Michael Chang
1:38
1️⃣ Follow me 2️⃣ Comment “CALCULATOR” 3️⃣ Check your message requests for my free STR wealth &
258 views75
Pricing & Profitability
intermediate
Thumbnail for Kai Andrew
15:57
Why Most Airbnb Hosts Are Quietly Failing
2.0K views90
Pricing & Profitability
intermediate

More from Pricing & Profitability

My Airbnb made me $2,300 a month and was almost always booked. Nightmare guests made me quit hosting. - Business Insider Africa

A host reported earning $2,300 monthly on Airbnb with almost constant bookings, only to quit due to difficult guests. This highlights the financial potential of STR hosting but also emphasizes the importance of guest screening and managing guest behavior. Balancing profitability with a positive hosting experience is crucial.

2 days ago75
Pricing & Profitability
KC has ‘highest occupancy’ of World Cup cities. Is effort to add rentals working? - Kansas City Star

This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.

2 days agoKansas City, MO75
Pricing & Profitability
Local News
Best Mountain Towns Where Homes Deliver the Strongest Airbnb Returns - Realtor.com

Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.

2 days ago85
Pricing & Profitability

Curated by Learn STR by GoStudioM