How to Setup Eye-Catching Airbnbs on a Budget
Summary
This article discusses tips for setting up an eye-catching Airbnb on a budget. It emphasizes the importance of standing out from competitors by focusing on unique decor and making the most of existing items. The article also touches on revenue management strategies, and CEO-level priorities, and the differences between hotel and Airbnb revenue management.
Key Insights
- •STR pricing is dramatically harder than hotel pricing.
- •STR revenue management must be scheduled, not reactive.
- •CEOs waste 30 to 50 percent of their time on low-value activities.
- •With so many listings on Airbnb, it's important to differentiate your listing. Focus on unique decor, not expensive furnishings.
Action Items
- ✓Make the most of what you already have, including posters and drawings to set up unique and exciting Airbnb’s on a budget.Effort: lowImpact: medium
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Identify the biggest bottleneck in your STR business.Effort: mediumImpact: high
Tools & Resources
- →Freewyld Foundry: The article references Freewyld Foundry
- →Airbnb: The article mentions connecting with Sofia Bak's Airbnb listings.
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