EP051: Elvina Beck is the Owner of The Podshare in LA and has Hosted the Airbnb Founders
Summary
This article from Get Paid For Your Pad discusses STR revenue management strategies, emphasizing the importance of daily and weekly pricing routines. It highlights the value of reviewing booking data, understanding booking windows, and making small adjustments to optimize revenue, offering actionable steps for hosts of all sizes.
Key Insights
- •The article emphasizes that most STR operators underperform not because of a lack of tools, but because they don’t know what to look at, when to look at it, or how to interpret booking behavior.
- •Small daily price changes can increase exposure on OTAs.
Action Items
- ✓Adjust pricing based on booking windows and last-minute inventory.Effort: lowImpact: medium
- ✓Review bookings daily to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Implement a weekly pacing analysis using Market Penetration Index (MPI).Effort: mediumImpact: medium
Tools & Resources
- →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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