Airbnb News Update February

Get Paid For Your Pad
Published: March 1, 2019
Pricing & Profitability

Summary

This article from "Get Paid For Your Pad" covers a variety of topics relevant to STR hosts, including revenue management, CEO focus, and pricing strategy. Hosts should review their revenue management routines, understand the impact of operational constraints on pricing, and focus on strategic priorities.

Key Insights

  • Small daily price changes can increase exposure on OTAs.
  • Countries such as Germany, Brazil, Spain, England and Argentina drive heavy international travel.
  • STR pricing is dramatically harder than hotel pricing due to product uniqueness, booking windows, and operational constraints.
  • Smaller markets like Kansas City, Boston, Seattle and Philadelphia may outperform larger cities during the FIFA World Cup.

Action Items

  • Review every booking to identify pricing and demand signals.
    Effort: low
    Impact: medium
  • Make small daily price changes to increase exposure on OTAs.
    Effort: low
    Impact: medium

Tools & Resources

  • Freewyld Foundry Report: Get a Free Revenue Review(https://www.freewyldfoundry.com/report)
  • Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)

Common Mistakes

  • Underpricing listings can result in missed revenue opportunities, especially during events.

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