EP100: Reflection On 100 Podcast Episodes with Jasper & Huzefa
Summary
This is a reflection on 100 podcast episodes of "Get Paid For Your Pad", discussing various topics relevant to STR hosts. The episodes cover revenue management, CEO focus, hotel vs. Airbnb revenue differences, and operational strategies for hosts. Hosts can gain valuable insights into optimizing pricing, improving operations, and understanding the challenges of the STR market.
Key Insights
- •Booking windows, guest behavior, and operational realities create a completely different pricing landscape for STRs compared to hotels.
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness and operational constraints.
Action Items
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Implement a daily and weekly pricing routine.Effort: mediumImpact: high
Tools & Resources
- →Jasper Ribbers: Jasper Ribbers's LinkedIn profile.(https://www.linkedin.com/in/jasperribbers)
- →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