Airbnb lays off 25% of their staff
Summary
This article is a collection of insights from the "Get Paid For Your Pad" podcast episodes focusing on revenue management, CEO focus, and pricing strategies for short-term rentals. Hosts can learn how to optimize pricing routines, identify business bottlenecks, and understand the differences between hotel and STR revenue management.
Key Insights
- •Some cities may see modest lift while others could experience extreme ADR spikes and rapid sellouts during FIFA World Cup.
- •Smaller markets like Kansas City, Boston, Seattle, and Philadelphia may outperform larger cities during FIFA World Cup.
- •Revenue management must be scheduled, not reactive.
- •Booking reviews reveal pricing and demand signals.
- •Early bookings can indicate underpricing or upcoming events.
- •STR pricing is dramatically harder than hotel pricing.
Action Items
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Schedule revenue management and create daily/weekly pricing reviews.Effort: lowImpact: medium
- ✓Prepare for the booking surge during FIFA World Cup.Effort: mediumImpact: high
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry
- →Freewyld Foundry: Learn more about Freewyld Foundry
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry
- →Freewyld Foundry: Learn more about Freewyld Foundry
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry
- →Freewyld Foundry: Learn more about 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.
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