Freewyld Updates & Learning Lessons
Summary
This article discusses insights from the Get Paid For Your Pad podcast episodes covering topics like revenue management, CEO strategies for STR businesses, and comparisons between hotel and Airbnb revenue models. Hosts can learn about pricing strategies, identifying bottlenecks, and the shift in focus needed for scaling their businesses.
Key Insights
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness, booking windows, and operational constraints.
- •Being busy does not mean an STR business is progressing, and decision fatigue pulls CEOs into low-value tasks.
Action Items
- ✓Review bookings daily to reveal pricing and demand signals, and spot mistakes in minimum stays and pricing settings.Effort: lowImpact: medium
- ✓Recognize patterns within your business and identify true bottlenecks that require CEO-level attention rather than just activity.Effort: mediumImpact: high
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry
Watch Out For
- ⚠Trying to fix everything at once slows growth.
- ⚠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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