How to Build a Lifestyle Business Hosting Remotely
Summary
This Get Paid For Your Pad episode discusses revenue management, CEO focus, and the differences between hotel and STR revenue models. Hosts can learn daily and weekly pricing strategies, how to avoid common CEO pitfalls, and why STR pricing is more complex than hotel pricing.
Key Insights
- •The biggest revenue mistake most STR operators make isn’t their pricing tool, but the lack of a daily and weekly pricing routine.
- •STR pricing is dramatically harder than hotel pricing due to product uniqueness and operational constraints.
Action Items
- ✓Structure your revenue management time with daily and weekly routines.Effort: lowImpact: medium
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry
- →Freewyld Foundry: Get a Free Revenue Review from 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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