New Hospitality Brand Freewyld Launches in August
Summary
This article discusses Freewyld, a new hospitality concept that allows guests to choose between 'Free Mode' with modern comforts and 'Wyld Mode' that encourages disconnecting from technology and embracing nature. The article also touches on revenue management strategies, the role of a CEO in an STR business, and how STR pricing differs from hotel pricing. Hosts should consider the Freewyld approach for their listings and review the revenue management strategies.
Key Insights
- •Freewyld is a new short-term rental concept offering two modes: "Free Mode" with fast internet and streaming services, and "Wyld Mode" encouraging guests to disconnect from technology and embrace nature.
- •The article suggests that in "Wyld Mode," properties are strategically located near nature spots, offering offline experiences like board games and treasure maps.
Action Items
- ✓Consider incorporating elements of "Wyld Mode" into your listings to cater to guests seeking a digital detox experience.Effort: lowImpact: medium
Tools & Resources
- →Airbnb tools: Save time & money with these Airbnb tools.(getpaidforyourpad.com/airbnb-tools)
- →OvernightSuccess.io: Grow your short-term rental business.(www.overnightsuccess.io/x)
- →free revenue management training: Sign up for free revenue management training.(getpaidforyourpad.com/training)
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This article highlights an Arkansas Airbnb property designed to evoke the English countryside aesthetic. It's a look at how hosts can create unique and appealing listings by focusing on design and theming. Understanding how to differentiate your property is essential for attracting guests.
An Airbnb host reported earning $2,300 per month with nearly constant bookings. However, dealing with difficult guests caused them to exit the STR market. This experience highlights the potential for revenue in short-term rentals, balanced by the challenges of guest management and the impact on a host's time and mental well-being.
Curated by Learn STR by GoStudioM