This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.

In this discussion, the hosts dive into key aspects of revenue management in short-term rentals. They emphasize that improvement in conversion rates is the key to maximizing revenue, needing prioritization over high ranking or as many bookings as possible. To maximize conversions, hosts must focus on competitive pricing, listing optimization, and offering the right amenities. Adjusting the pricing strategy according to the peaks and troughs of market demand is a must. They warn against the 'set it and forget it' approach to STR management, recommending an active approach to revenue and ranking strategies. They also stress the importance of lead time and compering factors such as listings, pricing, and amenities.