Best of Get Paid For Your Pad in 2022
Summary
This article summarizes the top performing podcast episodes of Get Paid For Your Pad in 2022, focusing on revenue management, CEO strategies, and comparing hotel versus Airbnb revenue strategies. Hosts should review these episodes to gain insights on pricing, operations, and strategic planning to optimize their STR business for 2023.
Key Insights
- •STR pricing is dramatically harder than hotel pricing, due to factors like product uniqueness turning every listing into its own “mini hotel” and more volatile demand.
- •CEOs of STR businesses waste 30 to 50 percent of their time on low-value activities which becomes more dangerous as STR businesses grow.
Action Items
- ✓Re-think your priorities and identify the true bottlenecks that require CEO-level attention.Effort: mediumImpact: high
- ✓Review your STR revenue management cadence. Schedule it, rather than being reactive.Effort: lowImpact: medium
Tools & Resources
- →Free Revenue Review: Get a Free Revenue Review from Freewyld Foundry.(https://www.freewyldfoundry.com/report)
- →Freewyld Foundry: Freewyld Foundry is mentioned throughout the article.(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 once it shows up.
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Curated by Learn STR by GoStudioM