The Airbnb Category Hack: How to Optimize & Get More Bookings
Summary
This article from 'Get Paid for Your Pad' covers several episodes discussing various aspects of STR management. Topics range from optimizing Airbnb listings and revenue management strategies to CEO focus and handling operational overwhelm, and how to prepare for the FIFA World Cup.
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.
- •Early bookings can indicate underpricing or upcoming events.
- •Being busy does not mean your STR business is progressing, and often CEOs are stuck on low-value tasks.
- •STR operators must stay tightly connected to operations if they want accurate pricing.
- •The performance gap between professional and non-professional listings is widening.
Action Items
- ✓Implement a daily and weekly revenue management cadence.Effort: mediumImpact: high
- ✓Identify the biggest bottleneck in your STR business.Effort: mediumImpact: high
- ✓Hosts should request category changes if their listing is miscategorized on Airbnb.Effort: lowImpact: medium
- ✓Hosts should regularly update their listing to maintain competitiveness.Effort: lowImpact: medium
Tools & Resources
- →Free Revenue Review: Get a Free Revenue Review → https://www.freewyldfoundry.com/report(freewyldfoundry.com/report)
- →Freewyld Foundry RPM: Apply for RPM at https://freewyldfoundry.com/rpm/(freewyldfoundry.com/rpm/)
- →Freewyld Foundry: Learn more about Freewyld Foundry → https://www.freewyldfoundry.com(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.
- ⚠Trying to fix everything at once slows growth.
More from Hosting Operations
MakeMyTrip and Ixigo are partnering with OpenAI to integrate AI across their platforms. This collaboration aims to revolutionize the travel experience, supporting features like trip planning and booking. The integration is designed to personalize and convert inspiration into confirmed bookings, offering personalized outcomes at scale.
An Airbnb host faced an unusual guest request, uncovering a potential 'big problem' impacting their operations. Details of the odd request and the subsequent realization about its negative consequences for the host's business model are presented. Further investigation revealed a significant issue that hosts should be aware of.
This article from WDSU focuses on identifying potential scams related to spring break travel. It highlights red flags travelers should be aware of when booking accommodations, such as unrealistic prices or demands for unconventional payment methods. Knowing these potential pitfalls will help hosts and guests alike prevent fraud and ensure a safe and positive booking experience.
Curated by Learn STR by GoStudioM