EP076: How to be an Airbnb Superhost in Montreal with Chris Hendricks
Summary
This article is a collection of episodes from the "Get Paid For Your Pad" podcast. The episodes cover topics such as revenue management routines, CEO strategies, the challenges of STR revenue management compared to hotels, and strategies for overcoming operational overwhelm. Hosts should review the content to enhance their revenue management practices, CEO mindset, and operational efficiency.
Key Insights
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness (every listing is its own 'mini hotel'), booking window differences, guest behavior, and operational constraints.
- •Most STR operators 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.
- •Booking windows shape revenue strategy; STRs can’t rely on last-minute demand like hotels and must drop rates deeper near arrival.
Action Items
- ✓If you are an STR CEO, focus on the biggest bottlenecks and the activities that offer the highest ROI.Effort: mediumImpact: high
- ✓Review every booking to identify pricing and demand signals.Effort: lowImpact: medium
- ✓Establish a daily and weekly pricing routine for your STRs to stay ahead of the market.Effort: mediumImpact: medium
Tools & Resources
- →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.
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Curated by Learn STR by GoStudioM