How to analyze short-term rental acquisition deals
Summary
This article from Get Paid For Your Pad provides insights on STR revenue management and CEO-level priorities. Hosts should review daily and weekly pricing routines and prioritize tasks effectively. The article also provides a glimpse into the differences in revenue management between hotels and STRs.
Key Insights
- •STR pricing is dramatically harder than hotel pricing, due to product uniqueness and hyper-fragmented demand curves.
- •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.
Action Items
- ✓Review bookings daily to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Identify the biggest bottleneck in your STR business and prioritize efforts there.Effort: mediumImpact: high
- ✓Schedule revenue management routines, don't just react.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com/)
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry(https://www.freewyldfoundry.com/report)
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.
- ⚠CEOs often confuse action with momentum, leading to stagnation.
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Curated by Learn STR by GoStudioM