EP130: This Week in the World of Airbnb
Summary
This episode of Get Paid For Your Pad discusses Airbnb's potential acquisitions and focuses on revenue management strategies. Hosts should review booking data and implement a daily and weekly pricing routine to improve revenue.
Key Insights
- •Airbnb is aiming for $3 billion in profit by 2020 and may use acquisitions to facilitate growth.
- •Small daily price changes can increase exposure on OTAs.
- •Reviewing every booking reveals pricing and demand signals.
- •Early bookings can indicate underpricing or upcoming events.
Action Items
- ✓Implement a daily pricing review routine to identify and address pricing issues.Effort: lowImpact: medium
- ✓Review bookings regularly to spot pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Aviva IQ: This episode of Get Paid For Your Pad is sponsored by Aviva IQ, which automates messages to your Airbnb guests.
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
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Curated by Learn STR by GoStudioM