How to use Pinterest to drive bookings
Summary
This article is a compilation of podcast episodes by "Get Paid For Your Pad" discussing various aspects of STR revenue management, CEO focus, and the differences between hotel and STR revenue models. The episodes cover topics like revenue management routines, CEO priorities in scaling, and the unique challenges of STR pricing. Hosts should listen to these episodes for actionable insights to improve their pricing strategy and business operations.
Key Insights
- •Early bookings can indicate underpricing or upcoming events.
- •STR pricing is dramatically harder than hotel pricing, due to factors like product uniqueness and booking windows.
- •CEOs waste 30 to 50 percent of their time on low-value activities.
Action Items
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Identify the biggest bottleneck in your STR business to improve strategic focus.Effort: mediumImpact: high
- ✓Let small fires burn to stay focused and prioritize strategic decisions.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry
Watch Out For
- ⚠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 once it shows up.
- ⚠Being busy does not mean your STR business is progressing.
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