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The show that helps you maximize your wealth by turning complex financial situations into actionable advice. On Your Money. Your Mission., we answer the questions you’ve been asking about -- financial planning, investing, retirement and everything in between. Whether you’re navigating the complexities of the market or looking for the best ways to save or spend your money, tune in to hear from experienced financial advisors with JFG. Walk away from each episode with savvy tips and financial t ...
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This week’s Hosting Hotline question comes from Shaune, who has a short-term rental in a small town that hosts a massive week-long festival every year. The big question: should you require a full week-long stay during the event, or will multiple shorter bookings at premium rates bring in more revenue?
Sarah and Annette break down three smart strategies to help you decide:
- Require a week-long stay (ideal if demand is strong for full-week bookings).
- Allow shorter stays at premium rates (often a higher revenue generator).
- Try a hybrid approach (adjusting minimum nights as the festival gets closer).
Beyond the tactics, Sarah and Annette emphasize the importance of understanding your market and your goals. Do people actually stay for the entire week? Or are two- and three-night trips the norm? Do you want maximum revenue, or would a single booking simplify your life during the chaos of festival season?
This episode is a must-listen if you’ve ever wondered how to balance personal goals with smart business strategy. By analyzing demand patterns, testing different approaches, and staying flexible, you’ll learn how to maximize your revenue and still keep your sanity.
Resources mentioned:
Hosting Hotline – Submit your own question to be answered on the show.
Mentioned in this episode:
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