EP196: Roamlocal: How Airbnb Hosts Can Work with Local Businesses
Summary
This article discusses revenue management strategies for short-term rentals, emphasizing the importance of a structured approach, daily and weekly routines, and the analysis of booking data. Hosts can improve their pricing decisions and increase revenue by reviewing booking behavior, adjusting prices, and understanding market trends.
Key Insights
- •Weekends require different attention than weekdays. Experience matters more than formulas in pricing decisions.
- •Early bookings can indicate underpricing or upcoming events. Last-minute inventory can tell you about demand and visibility. Small daily price changes can increase exposure on OTAs.
Action Items
- ✓Schedule revenue management, not reactive.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)
- →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