Sailing around the world funded by property investing
Summary
This article is a transcript from a podcast episode on Get Paid For Your Pad, focusing on revenue management strategies. It covers topics like understanding guest preferences, pricing for special events, and the importance of consistent revenue management routines. Hosts should focus on scheduling time for revenue management and understanding their guest avatars to optimize pricing.
Key Insights
- •Setting minimum night stays can help optimize your calendar and prevent undesirable bookings.
- •Understanding guest avatars and their preferences can help you tailor your pricing strategy and attract the right guests.
- •Utilizing OTA promotions can increase visibility and attract more bookings.
Action Items
- ✓Schedule dedicated time for revenue management to monitor pricing, adjust strategies, and stay on top of market trends.Effort: lowImpact: medium
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →5 Most Common Airbnb Revenue Management Mistakes: FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes
- →Revenue Management training: Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay
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