How to Create Unique Hospitality Experiences
Summary
This article discusses creating unique hospitality experiences in short-term rentals to attract guests and increase bookings. It emphasizes leveraging quirks and imperfections, investing in decor, and anticipating guest needs for a better experience. Also discussed is revenue management, how to build a real revenue management routine, and recognizing patterns inside the business.
Key Insights
- •STR pricing is dramatically harder than hotel pricing.
- •STR revenue management routines must be scheduled, not reactive.
- •Successful short-term rental (STR) hosts surprise their guests with unique hospitality experiences.
Action Items
- ✓Review bookings to look for pricing and demand signals.Effort: lowImpact: medium
- ✓Invest in tasteful décor and curate the guest experience.Effort: mediumImpact: medium
- ✓Turn imperfections into features to attract guests.Effort: lowImpact: medium
Tools & Resources
- →Givingtree Hospitality: Amy Gilbert is the creator of Givingtree Hospitality.
- →STR Profit Academy: Resources include STR Profit Academy, Get Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa Kapadia, and How to Promote Your Listing on Instagram on GPFYP EP302.
- →Freewyld Foundry: Relevant links include Freewyld Foundry and LinkedIn profiles.(https://www.freewyldfoundry.com/)
More from Your Listing
This article discusses a Georgia Airbnb host who received negative attention after sharing a post criticizing guests who left the unit in perfect condition. The story highlights the importance of maintaining a positive online presence and avoiding unnecessary complaints about guests, particularly when there is nothing wrong. The potential for reputational damage is the primary concern.
This article highlights an Arkansas Airbnb property designed to evoke the English countryside aesthetic. It's a look at how hosts can create unique and appealing listings by focusing on design and theming. Understanding how to differentiate your property is essential for attracting guests.
An Airbnb host reported earning $2,300 per month with nearly constant bookings. However, dealing with difficult guests caused them to exit the STR market. This experience highlights the potential for revenue in short-term rentals, balanced by the challenges of guest management and the impact on a host's time and mental well-being.
Curated by Learn STR by GoStudioM