EP218: This Week in the World of Airbnb

EP218: This Week in the World of Airbnb

almost 8 years agoScore: 78
Pricing & Profitability
Revenue Management
Pricing Strategy
Airbnb
Market Research

Summary

This article from Get Paid For Your Pad covers various aspects of STR operations, including revenue management, CEO focus, and the differences between hotel and STR revenue management. Hosts should pay attention to revenue management routines, CEO time allocation, and operational strategies to improve profitability.

Key Insights

  • The article emphasizes that 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.
  • STR pricing is dramatically harder than hotel pricing due to product uniqueness, fragmented demand, and operational constraints.

Action Items

  • Review every booking to reveal pricing and demand signals.
    Effort: low
    Impact: medium
  • Schedule revenue management, don't just react to market changes.
    Effort: low
    Impact: medium

Tools & Resources

  • Freewyld Foundry: Freewyld Foundry is mentioned.

Watch Out For

  • The article warns that many STR operators make the mistake of focusing on the wrong problems, confusing activity with momentum, and not understanding the real bottlenecks in their business.

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