EP194: This Week in the World of Airbnb
Summary
This article discusses revenue management strategies for short-term rentals, highlighting the importance of a structured pricing routine, reviewing booking data, and understanding market trends. Hosts should implement a daily and weekly pricing review process to optimize revenue and stay ahead of the market.
Key Insights
- •Early bookings can indicate underpricing or upcoming events.
- •The article emphasizes that most STR operators underperform not because they lack tools, but because they don’t know what to look at, when to look at it, or how to interpret booking behavior.
Action Items
- ✓Implement a daily and weekly pricing routine.Effort: lowImpact: medium
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com/)
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