How to Dominate Your Short-Term Rental Market
Summary
This collection of articles from Get Paid for Your Pad offers advice on revenue management, CEO focus, and understanding the STR landscape. Hosts should focus on daily and weekly pricing routines, strategic allocation of time, and the differences between hotel and STR revenue management.
Key Insights
- •The article emphasizes that consistent routines matter more than any single pricing rule, with a focus on daily and weekly pricing reviews.
- •STR pricing is significantly harder than hotel pricing due to product uniqueness and operational constraints.
Action Items
- ✓Review bookings as data to identify pricing and demand signals.Effort: lowImpact: medium
- ✓Implement a daily and weekly pricing review routine to stay ahead of the market.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry.
- →Free Revenue Review: Get a Free Revenue Review.
Watch Out For
- ⚠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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