How Eric Got Started with Airbnb
Summary
This article discusses revenue management strategies and CEO-level focus in the STR business. It highlights the importance of daily and weekly pricing routines and recognizing CEO's role and decision-making for optimal performance. You should use your time strategically and understand how to manage pricing routines to optimize your revenue.
Key Insights
- •STR pricing is dramatically harder than hotel pricing.
- •Most STR operators 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.
Action Items
- ✓Structure your revenue management time using a clear, practical framework.Effort: mediumImpact: medium
- ✓Identify the biggest bottleneck in your STR business.Effort: mediumImpact: high
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Get a Free Revenue Review(https://www.freewyldfoundry.com/report)
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com/)
Common Mistakes
- ⚠Trying to fix everything at once slows growth.
- ⚠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