How to set and track KPIs in your Airbnb business
Summary
This article from Get Paid For Your Pad discusses revenue management strategies for STRs, including daily and weekly pricing routines, booking review, and the use of Market Penetration Index (MPI). Hosts should focus on structured revenue management, interpreting booking data, and making small, consistent price adjustments. A free revenue review is offered to assess portfolio performance.
Key Insights
- •The biggest revenue mistake most STR operators make isn’t their pricing tool… but the lack of a daily and weekly pricing routine.
- •Reviewing every booking reveals pricing and demand signals.
Action Items
- ✓Make small daily price changes to increase exposure on OTAs.Effort: lowImpact: medium
- ✓Review bookings to identify pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Free Revenue Review: Get a Free Revenue Review → https://www.freewyldfoundry.com/report(https://www.freewyldfoundry.com/report)
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Curated by Learn STR by GoStudioM