What You Don't Know About Cleaning
Summary
This article is a collection of insights from the "Get Paid For Your Pad" podcast episodes discussing revenue management, CEO focus, and the differences between hotel and STR revenue management. Hosts should focus on scheduling revenue management routines, understanding booking signals, and identifying bottlenecks in their businesses to optimize their performance.
Key Insights
- •Being busy does not mean your STR business is progressing.
- •Early bookings can indicate underpricing or upcoming events, influencing your pricing strategy.
- •CEOs often waste 30-50% of their time on low-value activities.
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness (every listing is its own 'mini hotel'), booking windows, guest behavior, and operational constraints.
Action Items
- ✓Review your booking data regularly to identify pricing and demand signals.Effort: lowImpact: medium
- ✓Schedule revenue management as a routine, not a reactive task.Effort: lowImpact: medium
- ✓Identify and address the biggest bottlenecks in your STR business.Effort: mediumImpact: high
- ✓Use AI as a tool to remove repeatable tasks so you can focus on reasoning, decision-making, and leadership.Effort: mediumImpact: high
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)
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.
- ⚠Solving the wrong problems stalls growth even when demand is strong.
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Curated by Learn STR by GoStudioM