EP207: This Week in the World of Airbnb
Summary
This article is an episode breakdown from "Get Paid For Your Pad" podcast discussing revenue management strategies, CEO focus, and the differences between hotel and STR revenue management. Hosts should focus on building a revenue management routine and understanding the key differences in pricing strategy compared to hotels, as well as optimizing their time allocation.
Key Insights
- •The biggest revenue mistake most STR operators make isn’t their pricing tool… but the lack of a daily and weekly pricing routine.
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness, booking window differences, and operational constraints.
Action Items
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Structure your revenue management time with a clear, practical framework.Effort: mediumImpact: high
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry
Watch Out For
- ⚠Underperforming because they don’t know what to look at, when to look at it, or how to interpret booking behavior.
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