Insight
Major cities like New York, Los Angeles, Miami and Mexico City may experience lower price elevation during major events due to hotel supply.
How to use Social Media to Market your Airbnb
Summary
This article discusses revenue management strategies for STRs, emphasizing the importance of scheduled routines, analyzing booking data, and understanding the nuances of pricing compared to hotels. Hosts should implement a daily and weekly pricing routine, focusing on booking data and the impact of minimum stay rules, and last-minute inventory. The article also touches on the CEO's role and focuses on identifying bottlenecks.
Key takeaway