How to capitalize on the BOOM in short-term rentals
Summary
This article discusses the growth of the short-term rental market and how hosts can capitalize on it. It highlights the trend toward unique stays and drive-to destinations, offering insights into revenue management and strategic CEO focus. Hosts should consider the article for its revenue management routines and CEO-level decision-making recommendations.
Key Insights
- •Airbnb reported revenue of $1.3B for Q2 of 2021, surpassing 2019 numbers for the same period by 10%.
- •The article suggests that unique stays in drive-to destinations are becoming increasingly popular.
Action Items
- ✓Consider starting with a clear vision for your business.Effort: lowImpact: medium
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Get Paid for Your Pad: Get Paid for Your Pad.
- →Legends X: Legends X Short-Term Rental Accelerator is mentioned.
- →Freewyld Foundry: Freewyld Foundry is mentioned.(freewyldfoundry.com)
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Curated by Learn STR by GoStudioM