The future of the STR industry with ALTIDO CEO Will Parry
Summary
This article is a collection of summaries from the "Get Paid For Your Pad" podcast episodes. It covers topics like revenue management, CEO strategies, the differences between hotel and STR revenue management, and overcoming operational overwhelm. Hosts can gain valuable insights into pricing, operations, and strategic planning.
Key Insights
- •Booking windows, guest behavior, and operational realities create a different pricing landscape for STRs compared to hotels.
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness and operational constraints.
- •Being busy does not mean your STR business is progressing, and decision fatigue pulls CEOs into low-value tasks.
Action Items
- ✓Review your daily pricing routine and weekly pacing analysis. Also, check for mistakes in minimum stays and pricing settings.Effort: lowImpact: medium
- ✓Identify the biggest bottleneck in your STR business and focus on strategic priorities as a CEO.Effort: mediumImpact: high
- ✓If overwhelmed, take action to identify whether a problem is worth solving right now.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
- →Jasper Ribbers: Follow Jasper Ribbers on LinkedIn(https://www.linkedin.com/in/jasperribbers)
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
Common Mistakes
- ⚠Trying to fix everything at once slows growth.
- ⚠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.
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Curated by Learn STR by GoStudioM