EP110: What you should know before you buy property with Zeona McIntyre
Summary
This article is a collection of episodes from the "Get Paid For Your Pad" podcast. It covers topics relevant to short-term rental revenue management, CEO mindset, and the difference between hotel and Airbnb revenue management. Hosts should focus on developing a daily and weekly pricing routine and understand the difference between hotel and STR revenue management.
Key Insights
- •Revenue management must be scheduled, not reactive.
- •Booking windows and pacing strategies shape revenue strategy in ways hotels never deal with.
- •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
- ✓Consider the impact of operational constraints such as cleaning, check-ins, and minimum stays on your pricing.Effort: lowImpact: 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)
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Curated by Learn STR by GoStudioM