News
Stay updated with the latest STR industry news and regulations
This article discusses the changing landscape of the STR industry, with a focus on acquiring existing vacation rental communities or boutique hotels. It highlights the importance of due diligence, understanding revenue management, and strategic decision-making in navigating the current market. Hosts should consider evaluating their own revenue management routines and staying informed on strategic CEO-level actions to improve their business.
Zumper, a rental platform, has secured $30 million in funding to launch a short-term rental marketplace. This could signal increased competition and potentially new tools for hosts. Hosts may want to monitor Zumper's offerings to see how they can leverage this new marketplace.
This article discusses strategies for driving direct bookings to your STR business, emphasizing the importance of a healthy mix of direct and OTA bookings. It also covers revenue management routines and the CEO's role in scaling a business. Hosts should focus on building a strong brand presence and implementing effective revenue management practices.
This article discusses key aspects of scaling an STR business, drawing insights from the book "Scaling Up." It emphasizes the importance of focusing on people, strategy, execution, and cash management, and provides tips on team building and revenue management.
Casai and Nomah, two short-term rental companies, are merging to expand their operations in Latin America. This merger could signal a shifting landscape in the region's STR market. Hosts in Latin America should pay attention to evolving competition and market dynamics.
This article discusses insights from the Legends X Short-Term Rental Accelerator program, focusing on the changing dynamics of the Airbnb industry and what aspiring hosts seek. It highlights the importance of transitioning from a host to a hospitality business operator and offers resources for hosts to improve their STR businesses.
This article discusses leveraging long-term (30+ day) stays on Airbnb. It highlights the growth of this category and provides insights from a host managing multiple properties, including marketing strategies using a blog and important considerations for long-term leases.
This article promotes the Legends X Class 4 enrollment, a program aimed at helping STR hosts scale their business. It highlights the importance of moving beyond the "lonely hosting island" and joining a community for support and guidance. Several episodes of the Get Paid For Your Pad podcast are also mentioned, covering revenue management, CEO focus, and the differences between hotel and Airbnb revenue management.
This article discusses a free workshop focused on scaling an Airbnb business to $1M and beyond. It covers topics like mission statements, team energization, and preparing for economic slowdowns. Hosts can learn to implement vital systems and processes to drive growth.
This article from Get Paid for Your Pad discusses the importance of leadership and culture in scaling an Airbnb business. It provides insights into how leadership skills can help achieve business goals and offers resources for hosts looking to improve their leadership abilities.
This episode of Get Paid for Your Pad explores how STR hosts can benefit from using social media influencers to market their properties. It covers best practices, including offering free stays for promotion and the importance of photo quality. Hosts can learn how to leverage influencer marketing to increase exposure and fill their calendars.
Properly is offering an affiliate program for vacation rental hosts. Hosts can earn up to 80% commission by referring clients to their cleaning inspection and listing review services. Signing up is free and offers a passive income opportunity.
This episode of Get Paid for Your Pad discusses the new Airbnb Summer Release 2022 and how it affects search ranking. Hosts should optimize their listings, particularly the first five photos, to improve their visibility and get more clicks. The episode also mentions resources like Rankbreeze and provides action steps to enhance listings.
This article discusses changes to Airbnb's search algorithm, transitioning from destination-focused to experience-focused. It covers topics like Airbnb categories, split stays, the role of titles and photos, and amenities. Hosts should audit their listings and consider optimizing them for the new search environment.
This article discusses how to prepare and sell your Airbnb business to a larger company. It provides insights into structuring your business for attractiveness to buyers and what to consider when selling. It also mentions tools and strategies for revenue management and CEO-level focus for STR businesses.
Airbnb's 2022 Summer Release unveiled new features aimed at adapting to the changing travel landscape. While the specific details are not provided in this title, this suggests updates to the platform that are relevant to STR hosts. Stay tuned for changes in the Airbnb platform.
This article discusses how to use Peerspace, an event rental platform, to generate additional revenue for your short-term rental. It provides insights into the platform, how to combine it with Airbnb, and what amenities are popular. Consider exploring Peerspace to maximize occupancy and diversify your income stream.
This article is an interview with Rebecca Slivka, who scaled her STR business to over 100 units. She discusses leveraging VAs, using cash flow for real estate investment, and offers advice for hosts looking to make Airbnb their full-time income. Additionally, the article features related episodes discussing revenue management and CEO strategies.
This article announces that Wine Ambassador has launched a wine club designed to help Airbnb hosts attract more visitors and generate additional income. Hosts can potentially improve their guest experience and increase revenue by partnering with this service.
This article discusses the importance of email marketing for Airbnb hosts to drive direct bookings. It highlights how capturing guest emails and using them strategically can lead to repeat bookings and provides tips on communication cadences and automation tools. Hosts should consider implementing email marketing strategies to boost direct bookings and improve guest retention.