EP205: This Week in the World of Airbnb
Summary
This article from Get Paid For Your Pad discusses various aspects of STR revenue management and CEO focus. It highlights the importance of scheduled revenue management, analyzing booking data, and strategic CEO time allocation. Hosts should review their pricing routines, analyze booking patterns, and ensure their time is spent on high-value tasks.
Key Insights
- •Being busy does not mean your STR business is progressing. Decision fatigue pulls CEOs into low-value tasks.
- •Reviewing every booking reveals pricing and demand signals.
- •Early bookings can indicate underpricing or upcoming events.
- •Revenue management must be scheduled, not reactive.
Action Items
- ✓Re-evaluate the use of time and ensure time spent on tasks that drive the business forward.Effort: mediumImpact: high
- ✓Schedule a daily and weekly pricing review to stay ahead of the market.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry(https://www.freewyldfoundry.com/report)
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
Common Mistakes
- ⚠Most hosts 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 once it shows up.
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Curated by Learn STR by GoStudioM