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In this episode of "Get Paid for Your Pad," I want to start by wishing everyone a happy Thanksgiving holiday. As I prepare for my own Thanksgiving getaway to Mexico's Valle de Guadalupe wine country, I'm excited to share insights on a crucial topic: discounts in revenue management.

As some of you might know, I've been deeply involved in revenue management for Freewyld, the hospitality brand I co-launched. We recently initiated a revenue management course, one of the first in our industry, to help hosts understand this vital aspect better.

The heart of this episode revolves around discounts on Airbnb, a powerful tool for enhancing conversions. Airbnb promotes listings with discounts by incorporating features like strike-through pricing, additional line items in the price breakdown, and eye-catching callouts. These features make listings more appealing to potential guests.

I discuss various discount strategies, including early bird and last-minute discounts, emphasizing their potential benefits. Length of stay discounts, often known as weekly and monthly discounts, are also crucial in encouraging longer bookings. I dive into the nuances of these discounts and their impact on guest conversions.

Moreover, I explain how hosts can set up custom promotions to provide extra incentives for potential guests. These customized promotions can be a valuable addition to your pricing strategy.

Towards the end of the episode, I introduce a special Black Friday promotion. We're offering an incredible bundle deal that includes lifetime access to my programs, Casual Mastery and Legends X, along with 90 days of access to the Rising Star Mastermind. It's a fantastic opportunity to access these valuable resources at a discounted rate.

In summary, this episode provides a deep dive into the significance of discounts in revenue management on Airbnb. I share practical insights and strategies to help hosts optimize their listings and attract more bookings through effective discounting. Don't miss out on our exciting Black Friday bundle deal, where you can access these valuable programs and resources at a discounted rate.

Before we wrap up, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel Get Paid For Your Pad for even more great content. We appreciate your support,Stay tuned, keep being awesome and Happy Hosting!

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How to leverage discounts on Airbnb to drive bookings

Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management