Airbnb lays off 25% of their staff

Get Paid For Your Pad
Published: May 8, 2020
Pricing & Profitability

Summary

This article is a collection of insights from the "Get Paid For Your Pad" podcast episodes focusing on revenue management, CEO focus, and pricing strategies for short-term rentals. Hosts can learn how to optimize pricing routines, identify business bottlenecks, and understand the differences between hotel and STR revenue management.

Key Insights

  • Revenue management must be scheduled, not reactive.
  • Some cities may see modest lift while others could experience extreme ADR spikes and rapid sellouts during FIFA World Cup.
  • Smaller markets like Kansas City, Boston, Seattle, and Philadelphia may outperform larger cities during FIFA World Cup.
  • STR pricing is dramatically harder than hotel pricing.
  • Early bookings can indicate underpricing or upcoming events.
  • Booking reviews reveal pricing and demand signals.

Action Items

  • Prepare for the booking surge during FIFA World Cup.
    Effort: medium
    Impact: high
  • Review every booking to reveal pricing and demand signals.
    Effort: low
    Impact: medium
  • Schedule revenue management and create daily/weekly pricing reviews.
    Effort: low
    Impact: medium

Tools & Resources

  • Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com/)
  • 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/)
  • 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/)
  • 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/)
  • Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry(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.

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