Revenue Mastery: How to Stay Ahead in the Short-Term Rental Game | Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management | Podwise
In this podcast episode, Jasper Ribbers and his new team member, Tom Sharkey, dive into the changing world of short-term rental revenue management. They point out that the market is becoming increasingly competitive, making it clear that relying solely on automated pricing tools isn't enough anymore. Instead, they emphasize the need for daily attention, thorough data analysis—looking at factors like booking windows and pacing—and the ability to adjust strategies based on market shifts and economic trends. They also highlight the importance of having accurate competitive sets and flexible minimum night stay policies, especially during off-peak seasons, to boost bookings and revenue. Additionally, the episode touches on the hiring process, underscoring the significance of choosing candidates who not only have the right skills but also fit well with the company culture.
