Inside Freewyld: Building a Winning STR and Hospitality Culture
Summary
This article discusses revenue management strategies and building a winning culture for short-term rentals, including daily and weekly pricing routines and CEO time management. Hosts can benefit from understanding these routines to optimize their pricing and recognize how to efficiently spend their time. Implement daily pricing reviews and identify bottlenecks to increase profitability.
Key Insights
- •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.
- •Small daily price changes can increase exposure on OTAs.
Action Items
- ✓Structure your revenue management time with a daily and weekly pricing routine.Effort: lowImpact: medium
- ✓Identify the biggest bottlenecks in your STR business to better manage your time.Effort: lowImpact: medium
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Get a Free Revenue Review →
- →Freewyld Foundry: Learn more about Freewyld Foundry →
Watch Out For
- ⚠The biggest revenue mistake most STR operators make isn’t their pricing tool… but the lack of a daily and weekly pricing routine.
- ⚠Trying to fix everything at once slows growth.
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