How to use Pinterest to drive bookings
Summary
This article is a compilation of podcast episodes by "Get Paid For Your Pad" discussing various aspects of STR revenue management, CEO focus, and the differences between hotel and STR revenue models. The episodes cover topics like revenue management routines, CEO priorities in scaling, and the unique challenges of STR pricing. Hosts should listen to these episodes for actionable insights to improve their pricing strategy and business operations.
Key Insights
- •STR pricing is dramatically harder than hotel pricing, due to factors like product uniqueness and booking windows.
- •Early bookings can indicate underpricing or upcoming events.
- •CEOs waste 30 to 50 percent of their time on low-value activities.
Action Items
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Let small fires burn to stay focused and prioritize strategic decisions.Effort: lowImpact: medium
- ✓Identify the biggest bottleneck in your STR business to improve strategic focus.Effort: mediumImpact: high
Tools & Resources
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry(https://www.freewyldfoundry.com/report)
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com/)
Common Mistakes
- ⚠Being busy does not mean your STR business is progressing.
- ⚠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