EP151: How to Use Airbnb to Facilitate a Business Accelerator
Summary
This article discusses how Chris Reynolds used Airbnb to book accommodations for his business accelerator, Entrepreneur House, and sublet them when not in use. It also highlights revenue management strategies from a separate episode, emphasizing the importance of scheduled routines and understanding booking behavior to optimize pricing.
Key Insights
- •Reviewing every booking reveals pricing and demand signals.
- •Small daily price changes can increase exposure on OTAs.
- •Early bookings can indicate underpricing or upcoming events.
Action Items
- ✓Understand the importance of consistent pricing routines.Effort: lowImpact: medium
- ✓Review bookings daily to understand pricing and demand.Effort: lowImpact: medium
Tools & Resources
- →Hostfully.com: Hostfully.com can be used to create a custom digital guidebook for guests!(hostfully.com)
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Curated by Learn STR by GoStudioM