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StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.
Host Bill Faeth welcomes Tom Lyons, revenue management expert from Casado.
Tom's Background:
Transition from script supervisor to success in revenue management.
Worked with W Hotels, Hilton, and joined Casado.
Casado: a community focusing on short-term rental improvement.
Offers franchise and management models for market support.
Discussion on Upcoming Conference:
Tom's excitement about the February conference.
Emphasizes networking and learning from experts.
Understanding Revenue Management:
Revenue management: getting the best rate at the right time.
Adjusting prices based on demand and supply.
Understanding booking windows for properties.
Competitive Sets:
Defining competitive sets based on various factors.
Dynamic Pricing Tools:
Mention of tools like PriceLabs, Wheelhouse, and proprietary Casado tool.
Value-Based Pricing vs. Price-Conscious Buyers:
The psychology of pricing and buyer perceptions.
Importance of understanding buyer types.
Advice for New Co-Hosts and Owners:
Tom recommends deep property analysis, identifying competitors, and utilizing tools.
Watch this episode on our Youtube Channel Every Tuesday & Friday
https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA
The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508
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/
Instagram: @BillFaeth73
Tik Tok: @bfaeth
Learn more about your ad choices. Visit megaphone.fm/adchoices
By Bill Faeth4.8
9696 ratings
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.
Host Bill Faeth welcomes Tom Lyons, revenue management expert from Casado.
Tom's Background:
Transition from script supervisor to success in revenue management.
Worked with W Hotels, Hilton, and joined Casado.
Casado: a community focusing on short-term rental improvement.
Offers franchise and management models for market support.
Discussion on Upcoming Conference:
Tom's excitement about the February conference.
Emphasizes networking and learning from experts.
Understanding Revenue Management:
Revenue management: getting the best rate at the right time.
Adjusting prices based on demand and supply.
Understanding booking windows for properties.
Competitive Sets:
Defining competitive sets based on various factors.
Dynamic Pricing Tools:
Mention of tools like PriceLabs, Wheelhouse, and proprietary Casado tool.
Value-Based Pricing vs. Price-Conscious Buyers:
The psychology of pricing and buyer perceptions.
Importance of understanding buyer types.
Advice for New Co-Hosts and Owners:
Tom recommends deep property analysis, identifying competitors, and utilizing tools.
Watch this episode on our Youtube Channel Every Tuesday & Friday
https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA
The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508
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/
Instagram: @BillFaeth73
Tik Tok: @bfaeth
Learn more about your ad choices. Visit megaphone.fm/adchoices

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