EP089: An Airbnb Yogi Lake Cabin Retreat In Mont-Tremblant
Summary
This article discusses revenue management in short-term rentals, emphasizing the importance of scheduled pricing routines, analyzing booking behavior, and understanding the impact of booking windows. Hosts should implement a daily and weekly pricing review process to optimize revenue and stay ahead of the market.
Key Insights
- •Revenue management must be scheduled, not reactive.
- •Reviewing every booking reveals pricing and demand signals.
- •Early bookings can indicate underpricing or upcoming events.
- •Last-minute inventory tells you about demand and visibility.
Action Items
- ✓Review bookings as data and analyze booking behavior to optimize pricing.Effort: lowImpact: medium
- ✓Implement a daily and weekly pricing review process to optimize revenue.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry(https://www.freewyldfoundry.com/report)
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
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