EP215: Superhost in Bali Shares Airbnb Tips
Summary
This podcast episode from "Get Paid For Your Pad" discusses various revenue management strategies and business practices relevant to STR hosts. Topics include daily/weekly pricing reviews, recognizing booking signals, and understanding the role of a CEO in a scaling STR business, as well as the importance of proper time allocation, and avoiding the "hectic host" stage.
Key Insights
- •Early bookings can indicate underpricing or upcoming events.
- •Small daily price changes can increase exposure on OTAs.
- •STR rate drops must be deeper near arrival.
- •Cancellations are low-risk for hotels but extremely costly for STRs.
- •CEOs waste 30 to 50 percent of their time on low-value activities.
- •Operators stay stuck in the hectic host stage even as they grow.
- •STR operators must stay tightly connected to operations if they want accurate pricing.
- •Weekends require different attention than weekdays.
- •Solve the wrong problems stalls growth even when demand is strong.
- •STR pricing is dramatically harder than hotel pricing.
Action Items
- ✓Schedule revenue management, don’t be reactive.Effort: lowImpact: medium
- ✓Rethink priorities and recognize patterns inside your business to identify the true bottlenecks that require CEO-level attention.Effort: mediumImpact: high
- ✓Identify whether a problem is worth solving right now.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/)
Common Mistakes
- ⚠Fixing symptoms instead of root issues keeps teams overwhelmed.
- ⚠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