Don’t Forget to Celebrate!
Summary
This article is an episode of a podcast discussing how to achieve better results in your business and life. It also touches on revenue management routines and the importance of focusing on CEO-level tasks instead of getting bogged down in busy work. Hosts should take note of their pricing routine and prioritize strategic focus to improve their business.
Key Insights
- •The article discusses the importance of having a daily and weekly pricing routine for revenue management. It also talks about how being busy does not mean your STR business is progressing.
Action Items
- ✓Identify the biggest bottlenecks in your STR business to improve efficiency.Effort: mediumImpact: medium
- ✓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
- ⚠The article suggests that 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.
More from Pricing & Profitability
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Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.
Curated by Learn STR by GoStudioM