EP067: Airbnb Cleaning Service Tips w/ Kyle Gesuelli From Handy
Summary
This article discusses revenue management strategies for short-term rentals, comparing them to hotel practices. It highlights the importance of daily and weekly pricing routines, analyzing booking behavior, and understanding the unique challenges of STR pricing to optimize revenue. Hosts should schedule revenue management, review bookings, and consider how factors like booking windows and minimum stays impact pricing.
Key Insights
- •Last-minute inventory tells you about demand and visibility.
- •Early bookings can indicate underpricing or upcoming events.
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness, booking windows, and operational constraints.
Action Items
- ✓Consider how weekends require different attention than weekdays.Effort: lowImpact: medium
- ✓Make small daily price changes to increase exposure on OTAs.Effort: lowImpact: medium
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
Common Mistakes
- ⚠Don’t overcorrect pricing too quickly.
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