Unlocking the Secrets of Effective Revenue Management

Bill Faeth Unfiltered

Jul 30, 2024•40 min•Ep. 149

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Episode description

Bill Faith and guest Emile Sahkel discuss the critical role of revenue management in short-term rental success. Emile, an experienced anesthesiologist turned revenue manager, shares insights on setting realistic goals, evaluating market conditions, seasonal pricing strategies, and overcoming common mistakes self-managers make. They also discuss leveraging marketing alongside revenue management to boost performance and share real-life examples of how these strategies have significantly increased revenue for high-end properties. Listeners are encouraged to treat their properties as businesses and use comprehensive data analysis and expert tools for optimal results.

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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.