How Core Values Impact Your STR Business
Summary
This article from Get Paid For Your Pad discusses STR revenue management and CEO strategies. It highlights the importance of scheduled revenue management, analyzing booking data, and CEO focus for operational efficiency. Hosts should review their pricing routines, analyze their current bottlenecks, and evaluate their own time management strategies to maximize profits.
Key Insights
- •Weekends require different attention than weekdays when it comes to pricing.
- •Early bookings can indicate underpricing or upcoming events.
- •Small daily price changes can increase exposure on OTAs.
Action Items
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Schedule revenue management, rather than reacting to market changes.Effort: lowImpact: medium
- ✓Identify the biggest bottleneck in your STR business and address it.Effort: mediumImpact: high
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
- →Freewyld Foundry: Get a Free Revenue Review(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 once it shows up.
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Curated by Learn STR by GoStudioM