EP228: This Week in the World of Airbnb
Summary
This 'Get Paid For Your Pad' episode discusses STR revenue management routines and CEO focus. Hosts can learn how to schedule revenue management, review bookings for pricing signals, and identify bottlenecks in their businesses to improve profitability and efficiency.
Key Insights
- •STR pricing is dramatically harder than hotel pricing, due to product uniqueness and operational constraints.
- •CEOs waste 30 to 50 percent of their time on low-value activities, which becomes more dangerous as STR businesses grow.
- •The episode explains that 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.
Action Items
- ✓Implement a daily and weekly pricing routine to stay ahead of the market.Effort: mediumImpact: medium
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Rethink priorities and identify the true bottlenecks that require CEO-level attention.Effort: mediumImpact: high
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry.(https://www.freewyldfoundry.com/)
- →Freewyld Foundry: Get a Free Revenue Review.(https://www.freewyldfoundry.com/report)
Common Mistakes
- ⚠Failing to schedule revenue management leads to underperformance.
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Curated by Learn STR by GoStudioM