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Welcome to HCH Bitesize – a new podcast series brought to you by Holiday Cottage Handbook and Hostfully!

This weekly show delves into various topics essential to the short-term rentals industry. Episodes feature expert guests from across the STR space who share their insights and practical advice. These industry leaders help listeners enhance their knowledge and build successful and sustainable property management businesses.

Today’s episode features Sally Henry, Vice President of Business Development at Key Data. During the show, Sally outlines the STR jargon every host needs to understand and shares her top tip for utilising data in order to build a successful property management business.

1:53 ADR (average daily rate)
2:57 Occupancy
4:40 RevPAR (revenue per available rental)
7:31 ALOS (average length of stay)
8:35 Booking window 
10:03 Take control of your own data
11:28 Understand supply in your area
12:44 Understand your performance against the market
13:42 Track your competitors
14:55 Understand the channels which are working for you
16:08 The importance of pricing
17:53 Find out more about Key Data: https://www.keydatadashboard.com/products/prodata?utm_source=referral&utm_medium=partner&utm_campaign=holiday_cottage_handbook

Are you looking to streamline your operations and amaze your guests? Look no further than Hostfully! Try their top-rated property management software and award-winning digital guidebooks today. Join the thousands of satisfied property managers who trust Hostfully to grow their business: https://get.hostfully.com/46p7pafubra1

Holiday Cottage Handbook: https://www.holidaycottagehandbook.com/

Hostfully: https://get.hostfully.com/46p7pafubra1

James Varley: https://www.linkedin.com/in/jdsvarley/

Sally Henry: https://www.linkedin.com/in/sally-henry-3516229/

Key Data: https://www.keydatadashboard.com/products/prodata?utm_source=referral&utm_medium=partner&utm_campaign=holiday_cottage_handbook

Got a comment or interested in being a guest on the show? Email [email protected].