EP078: Airbnb Hosting in Edinburgh with John Kerr
Summary
This article discusses revenue management in short-term rentals, emphasizing the importance of scheduled routines, analyzing booking data, and adjusting pricing strategies. Hosts can learn how to optimize their pricing, understand market dynamics, and avoid common revenue management mistakes to improve profitability.
Key Insights
- •Reviewing every booking reveals pricing and demand signals.
- •Early bookings can indicate underpricing or upcoming events.
- •Revenue management must be scheduled, not reactive.
Action Items
- ✓Analyze your minimum stay rules and pricing settings for potential mistakes.Effort: lowImpact: medium
- ✓Review your booking data to identify pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry.(https://www.freewyldfoundry.com/)
More from Pricing & Profitability
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.
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.
Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.
Curated by Learn STR by GoStudioM