EP061: Airbnb Hosting in Melbourne, Australia with Annie Luu
Summary
This article is an episode of 'Get Paid For Your Pad' podcast, discussing various aspects of STR revenue management, CEO focus, and pricing strategies. Hosts can learn how to optimize pricing routines, identify business bottlenecks, and understand the differences between hotel and STR revenue management to maximize profits.
Key Insights
- •Product uniqueness turns every listing into its own “mini hotel”.
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness, booking windows, operational constraints, and cancellation risks.
- •Early bookings can indicate underpricing or upcoming events.
Action Items
- ✓Consider small daily price changes to increase exposure on OTAs.Effort: lowImpact: medium
- ✓Review bookings daily to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com/report)
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com/)
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