Insight
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.
EP224: This Week in the World of Airbnb
Summary
This article from Get Paid For Your Pad discusses key aspects of revenue management, CEO focus, and the differences between hotel and STR revenue management. Hosts should prioritize creating a scheduled revenue management routine and understanding the differences between hotel and STR pricing to maximize their profits. Also discussed are CEO focus and how to manage the STR business at scale.
Key takeaway