Freewyld Updates & Learning Lessons

Get Paid For Your Pad
Published: March 11, 2022
Pricing & Profitability

Summary

This article discusses insights from the Get Paid For Your Pad podcast episodes covering topics like revenue management, CEO strategies for STR businesses, and comparisons between hotel and Airbnb revenue models. Hosts can learn about pricing strategies, identifying bottlenecks, and the shift in focus needed for scaling their businesses.

Key Insights

  • Being busy does not mean an STR business is progressing, and decision fatigue pulls CEOs into low-value tasks.
  • STR pricing is dramatically harder than hotel pricing due to product uniqueness, booking windows, and operational constraints.

Action Items

  • Recognize patterns within your business and identify true bottlenecks that require CEO-level attention rather than just activity.
    Effort: medium
    Impact: high
  • Review bookings daily to reveal pricing and demand signals, and spot mistakes in minimum stays and pricing settings.
    Effort: low
    Impact: medium

Tools & Resources

  • 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/)

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.
  • Trying to fix everything at once slows growth.

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