Know Your Numbers and Empower Your Business with Quarterly Reports
Quarterly recaps are a MUST for your business. Whether you’re managing properties for clients, or self-operating your STR listings, regular quarterly reports can help provide a holistic, high-level view of your business’ performance.
This real data puts a different spin on the day to day grind, especially in those moments where you feel like you’re having a slow week or your booking calendar is empty. Having oversight into your listings’ performance from month to month, and quarter to quarter, allows you to zoom out and keep you informed. Data over drama!
Our 4 Key Metrics in the Quarterly Report:
- Occupancy rate
- Average Daily Rate (ADR) = Total Rev / Nights Sold
- Revenue Per Available Room (RevPAR) = Total Rev / Available Rooms
- Total Revenue
It’s time for #strsharesunday! Today we are sharing All Belong Co. 🚂
This account is very near and dear to our hearts. Amy is a coach inside our Hosting Business Mastery Method and we have been instagram friends for years! We are so excited to meet her IRL in just a few weeks.
She is launching a new property that has literally been YEARS in the making: a vintage caboose on her property that overlooks a factory and train tracks, as if the caboose itself is a part of the landscape. It is drop dead gorgeous!
Amy and the rest of her beautiful family have put so much love into the caboose (literally… they painted the word LOVE on the side). They transported it from West Virginia and redone the entire thing in a true labor of love.
We cannot wait for each and every one of you to follow Amy on instagram and give her a heart on her property. Amy is truly creating an experience and we are so proud of her amazing journey. She has gone all in on this and put so much into it and we just know it’s going to be amazing!
Congratulations Amy, and thank you for being such an amazing host!
We would love to feature YOU, so don’t forget to use #STRShareSunday to get your chance!