EP033: Danny Flood Talks Airbnb and the Sharing Economy
Summary
This article is a collection of podcast episode summaries from "Get Paid For Your Pad" covering topics relevant to STR hosts. Topics include revenue management, CEO focus, hotel vs. STR pricing differences, and how to deal with "hectic host" issues. Hosts can learn actionable advice on optimizing pricing routines, understanding the unique challenges of STR revenue management, and improving business focus.
Key Insights
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness turning every listing into its own "mini hotel", booking windows shaping revenue strategy differently than hotels, and operational constraints.
- •CEOs of STR businesses waste 30 to 50 percent of their time on low-value activities, which can become dangerous as STR businesses grow. Action is often confused with momentum, and solving the wrong problems stalls growth even when demand is strong.
Action Items
- ✓Identify the biggest bottleneck in your STR business and focus on improving it.Effort: mediumImpact: high
- ✓Review your booking data daily and weekly to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry
Watch Out For
- ⚠Operators chase “squirrels” instead of closing the hole in the roof.
- ⚠Most STR operators 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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