ADR's are falling. Now what? - Video

Bill Faeth and Kenny Bedwell delve into strategies for staying profitable amidst challenges such as decreasing average daily rates (ADRs), increasing competition, and market saturation. They emphasize the importance of adjusting pricing strategies, enhancing property features, and leveraging marketing tools to boost occupancy rates and overall revenue. The conversation also covers the significance of investment in high-quality property photography, dynamic pricing techniques, and ancillary services as means to increase profit margins. This episode not only addresses how to navigate through dropping ADRs but also highlights ways to capitalize on market trends, guest preferences, and technological tools to ensure STR business success.

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.

00:00 Introduction to STRonomics and Market My STR
01:26 Welcome Back to STRonomics: Insights from Industry Experts
01:34 Navigating the Changing Landscape of Short-Term Rentals
03:36 Strategies for Maximizing Revenue in a Competitive Market
16:09 Leveraging Photography and Additional Amenities for Increased Bookings
19:59 Wrapping Up: The Importance of Revenue and Profit Focus

STR Data Hosts Facebook Page:
https://www.facebook.com/groups/1242310879999732/
https://www.instagram.com/kenny_bedwell/
You can find more of Bill online at:
Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1
Build STR Wealth: https://buildstrwealth.com/
https://www.instagram.com/billfaeth73
https://www.tiktok.com/@bfaeth

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Listen to the podcast each Thursday on:

https://stronomics.com/

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