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How to Price Your STR Without Leaving Money on the Table

How to Price Your STR Without Leaving Money on the Table

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Connor Schwab runs four unique stay properties and hosts the Outdoor Hospitality Podcast. After undercharging by $10,000-$20,000 in his first nine months at The Outpost at the Grand Canyon, he switched to professional revenue management. Now his 12-Airstream property is pacing toward 85% occupancy with optimized pricing across six OTAs.

This conversation reveals why treating revenue management as a strategic priority rather than a side task is the difference between good and great performance. Jasper breaks down the exact framework Freewyld uses to manage $180M+ in bookings: pacing analysis, booking window strategy, and the truth about pricing tools that most operators miss.


You will hear:

  • Why a one-star review showing on your Airbnb listing front page can cost 50% of your revenue
  • How to use pacing analysis to know if you're overpriced or underpriced (comparing your occupancy to market occupancy at the same booking window)
  • What revenue management actually includes beyond setting prices (cancellation policies, minimum night stays, bookability settings that kill visibility)
  • Why pricing tools like Price Labs aren't "set and forget" and require daily strategic oversight to avoid horrible pricing decisions
  • How Connor left $20,000 on the table in nine months by treating revenue management as a side task instead of a dedicated function


We also talk about:

  • The three intentional paths for revenue management: learn it yourself, hire in-house, or outsource to specialists
  • Why guests determine value through their purchase decision, not operators through subjective judgment
  • How a $200 stock tank beats a $10,000 cold plunge machine when you factor in maintenance costs
  • The booking window strategy that captures revenue before competitors slash prices in panic mode
  • Why higher prices don't hurt reviews (and the data proving it)
  • How AI is making revenue managers more effective without replacing them

Mentioned in the Episode:

  • Freewyld Foundry Revenue Management: https://freewyldfoundry.com
  • Free Revenue Report: https://freewyldfoundry.com/get-started
  • Price Labs: Dynamic pricing software
  • Claude AI: Conversational AI assistant
  • The Outpost at the Grand Canyon: Connor's 12-Airstream property
  • Whoop: Fitness and sleep tracking device
  • Newbook: Property management system


Favorite Takeaway:

"Who is to judge what something is worth? Is it the person that owns the product or is it the person paying for it? I would argue it's the person paying for it. In Holland we have an expression: something is worth what the craziest person will pay for it."


Want us to audit your pricing strategy?

Get your free, personalized revenue report at FreewyldFoundry.com/get-started

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