The Shift in Stay: How Shorter Bookings Are Changing the Game for STR Hosts

81 views12 months ago1m 3sScore: 75

Hospitable

Pricing & Profitability
intermediate
Revenue Management
Occupancy
Pricing Strategy
ADR

Summary

This video discusses the trend of shorter stays in the STR market, noting that the average length of stay in Australia is around 3.8 days and was previously closer to 7 nights. If the length of stay in your area is contracting, you may need to sell more to achieve your revenue goals. Hosts may need to increase spending and operational support to ensure profitability for shorter stays.