How Craig TRIPLED the Revenue on His Airbnbs—with Craig Westaway
Summary
This episode of Get Paid for Your Pad features Craig Westaway, a high-end STR manager who tripled revenue by focusing on guest experience. He shares strategies for attracting high-end guests, creating a personalized experience, and adapting to challenges like the pandemic. Jasper Ribbers, from another episode, details how professional STR operators follow a daily and weekly pricing routine, emphasizing the importance of staying ahead of your market.
Key Insights
- •Craig Westaway tripled revenue by improving and personalizing the guest experience in luxury Airbnb units.
- •Jasper Ribbers explains that consistent routines matter more than any single pricing rule, emphasizing a clear, practical framework for structuring revenue management time.
Action Items
- ✓Review bookings daily and weekly to reveal pricing and demand signals and spot mistakes.Effort: lowImpact: medium
- ✓Consider creating a high-end STR experience through styling, amenities, and personalization to increase revenue.Effort: mediumImpact: high
Tools & Resources
- →PriceLabs: PriceLabs is mentioned.
- →Bnbbooking: Bnbbooking, a high-end STR management company.
- →Freewyld Foundry: Freewyld Foundry provides a free revenue review.
Related News
An Alarming 75% of Homes Are Too Expensive For Buyers
This article discusses the current housing market and highlights the affordability crisis, with rising rents and interest rates. It emphasizes the importance of understanding renter affordability and offers strategies for investors, including exploring off-market deals and considering ADUs, to adapt to the changing landscape.
Zillow Forecast: Best and Worst Housing Markets of 2026
This BiggerPockets article discusses Zillow's 2026 housing market forecast, highlighting slowing growth in most US markets. Hosts should pay attention to regional variances, as affordability in an area directly impacts home values and consequently, rental income potential.
The Most Encouraging Sign in 3 Years | Dec. 2025 Housing Market Update
This BiggerPockets article discusses the December 2025 housing market update, highlighting a potentially encouraging sign for the housing market with improving affordability due to relatively flat prices and declining mortgage rates. Hosts should pay attention to regional market differences, particularly in Florida and the Gulf region, and consider refinancing if they have mortgages with higher interest rates.
Middle East Leads Global Travel as Live Tourism Fuels Record Growth
The Middle East and Africa experienced an 8% increase in travel growth in November, driven by live events and expanded connectivity. Hosts in those regions may benefit from this travel surge. Consider adjusting pricing or marketing strategies to capitalize on increased demand.