The Journey from Hectic Host to STR Legend
Summary
This article is a collection of podcast episode summaries from "Get Paid for Your Pad". The episodes discuss various aspects of STR management, including building a vision, optimizing revenue, and scaling operations. Hosts can find insights on building a brand, managing revenue, and avoiding overwhelm.
Key Insights
- •Booking reviews can reveal pricing and demand signals; early bookings may indicate underpricing or upcoming events.
- •STR pricing is dramatically harder than hotel pricing, due to product uniqueness and booking windows.
- •CEOs waste 30 to 50 percent of their time on low-value activities.
Action Items
- ✓Build a vision for your Airbnb business and put your brand vision and core values on paper.Effort: lowImpact: medium
- ✓Schedule revenue management and create a daily/weekly pricing routine.Effort: mediumImpact: high
- ✓Identify the biggest bottlenecks in your STR business that require CEO-level attention.Effort: lowImpact: high
Tools & Resources
- →Freewyld Foundry Report: Get a Free Revenue Review(https://www.freewyldfoundry.com/report)
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
Common Mistakes
- ⚠Most STR operators underperform because they don’t know what to look at, when to look at it, or how to interpret booking behavior.
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Curated by Learn STR by GoStudioM