Airbnb may allow guests to cancel June bookings
Summary
This article is a collection of podcast episode summaries from "Get Paid For Your Pad" covering revenue management, CEO focus, and pricing strategies. Hosts can learn how to create pricing routines, understand market signals, and improve overall STR business strategies.
Key Insights
- •STR pricing is dramatically harder than hotel pricing, due to the unique nature of each listing. Booking windows shape revenue strategy in ways hotels never deal with.
- •Early bookings can indicate underpricing or upcoming events.
- •Revenue management must be scheduled, not reactive.
Action Items
- ✓Review every booking to identify pricing and demand signals.Effort: lowImpact: medium
- ✓Focus CEO time on high-ROI activities, not being busy.Effort: mediumImpact: high
- ✓Identify and address the biggest bottlenecks in your STR business.Effort: mediumImpact: high
Tools & Resources
- →Jasper Ribbers: Follow Jasper Ribbers(https://www.linkedin.com/in/jasperribbers)
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
- →Eric Moeller: Follow Eric Moeller(https://www.linkedin.com/in/ericdmoeller)
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry(https://www.freewyldfoundry.com/reportFind)
- →Kaye Putnam: Follow Kaye Putnam(https://www.linkedin.com/in/kayeputnam)
More from Pricing & Profitability
This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.
Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.
Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.
Curated by Learn STR by GoStudioM