Airbnb finally paid hosts the cancellation fees
Summary
This article is a collection of insights from the "Get Paid For Your Pad" podcast episodes. It covers topics like revenue management, CEO strategies, and comparing hotel versus Airbnb revenue management. Hosts should focus on how to optimize their pricing strategies, manage their time effectively, and understand the nuances of the STR market.
Key Insights
- •Early bookings can indicate underpricing or upcoming events.
- •STR pricing is dramatically harder than hotel pricing, due to factors like product uniqueness.
- •Cities like Kansas City, Boston, Seattle, and Philadelphia may outperform larger cities during the FIFA World Cup.
Action Items
- ✓Make small daily price changes to increase exposure on OTAs.Effort: lowImpact: medium
- ✓Review pacing on a weekly basis using Market Penetration Index (MPI).Effort: lowImpact: medium
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Jasper Ribbers: Follow Jasper Ribbers
- →Freewyld Foundry: Learn more about Freewyld Foundry
Watch Out For
- ⚠Don’t overcorrect pricing too quickly.
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