Takeaways and learning lessons from VRMA Orlando
Summary
This article discusses key takeaways from the VRMA Orlando conference, including guest experience, AI tools, and hotel lobbyist challenges. It also promotes several episodes of the "Get Paid For Your Pad" podcast discussing revenue management, CEO strategies, and comparing hotel versus short-term rental revenue management. Hosts should consider the insights shared about revenue management routines and CEO focus.
Key Insights
- •STR revenue management must be scheduled, not reactive.
- •The episode emphasizes the importance of being well-prepared for conferences like VRMA, managing your energy effectively, and making intentional connections with other industry professionals.
Action Items
- ✓Identify the biggest bottleneck in your STR business and focus on it.Effort: mediumImpact: high
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)
- →Revenue Management training: Watch the free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay(https://www.getpaidforyourpad.com/cfm-replay)
- →5 Most Common Airbnb Revenue Management Mistakes: Download the FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes
Common Mistakes
- ⚠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 once it shows up.
- ⚠The biggest revenue mistake most STR operators make isn’t their pricing tool… but the lack of a daily and weekly pricing routine.
More from Hosting Operations
An Airbnb guest was accused of damaging property and received a payment request with blurry photo evidence, highlighting potential issues with host-guest disputes. This emphasizes the importance of clear communication, proper documentation, and understanding Airbnb's resolution process for handling damage claims. Hosts should have strategies in place to protect themselves against unfair claims.
Airlines canceled over 7,000 flights due to a major blizzard hitting the Northeast, impacting 54 million people. Heavy snow and high winds are expected overnight, causing significant travel disruptions. Hosts should be aware of potential guest cancellations and adjust their strategies accordingly. Consider offering flexible cancellation policies.
RENTAL12's properties have received Booking.com's Traveller Review Awards for 2026, a significant achievement reflecting high guest satisfaction. The company also celebrates its fourth year as an Airbnb Superhost. These awards highlight the importance of consistent guest experience and platform performance in the competitive STR market.
Curated by Learn STR by GoStudioM