How to Create Unique Hospitality Experiences

Get Paid For Your Pad
Published: November 14, 2019
Your Listing

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: low
    Impact: medium
  • ✓
    Invest in tasteful décor and curate the guest experience.
    Effort: medium
    Impact: medium
  • ✓
    Turn imperfections into features to attract guests.
    Effort: low
    Impact: 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/)

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