EP074: Airbnb Hosting in Austin with Melanie Haber
Summary
This article discusses revenue management strategies for short-term rentals, specifically highlighting the importance of daily and weekly pricing routines and how to analyze booking data. Hosts can improve their pricing and revenue by understanding booking windows, market penetration, and last-minute adjustments. The article also touches on CEO strategies for STR businesses and contrasts revenue management between hotels and Airbnbs.
Key Insights
- •STR pricing is dramatically harder than hotel pricing.
- •Reviewing every booking reveals pricing and demand signals.
- •Revenue management must be scheduled, not reactive.
Action Items
- ✓Review bookings daily to look for pricing and demand signals.Effort: lowImpact: medium
- ✓Hosts should schedule their revenue management routines, not reacting to changes.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
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Curated by Learn STR by GoStudioM