How Craig TRIPLED the Revenue on His Airbnbs—with Craig Westaway
Summary
This episode of Get Paid for Your Pad features Craig Westaway, a high-end STR manager who tripled revenue by focusing on guest experience. He shares strategies for attracting high-end guests, creating a personalized experience, and adapting to challenges like the pandemic. Jasper Ribbers, from another episode, details how professional STR operators follow a daily and weekly pricing routine, emphasizing the importance of staying ahead of your market.
Key Insights
- •Craig Westaway tripled revenue by improving and personalizing the guest experience in luxury Airbnb units.
- •Jasper Ribbers explains that consistent routines matter more than any single pricing rule, emphasizing a clear, practical framework for structuring revenue management time.
Action Items
- ✓Consider creating a high-end STR experience through styling, amenities, and personalization to increase revenue.Effort: mediumImpact: high
- ✓Review bookings daily and weekly to reveal pricing and demand signals and spot mistakes.Effort: lowImpact: medium
Tools & Resources
- →PriceLabs: PriceLabs is mentioned.
- →Freewyld Foundry: Freewyld Foundry provides a free revenue review.(https://www.freewyldfoundry.com/report)
- →Bnbbooking: Bnbbooking, a high-end STR management company.
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Curated by Learn STR by GoStudioM