How to Forecast Future Revenue
STRonomics · Bill Faeth & Kenny Bedwell
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Show Notes
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.
In the latest episode of STRonomics, Bill and Kenny dive into their approach to forecasting future revenue in a dynamic market. They explore various strategies for analyzing their properties, such as evaluating market saturation levels and closely monitoring consumer spending as an indicator of future revenue potential. Moreover, they emphasize the paramount significance of marketability. Without a well-defined marketing plan, an ordinary property may struggle when Fall 2023 arrives. Don't succumb to negative scenarios; instead, seize the opportunity to enhance your short-term rental business by absorbing the valuable insights presented by Bill and Kenny in this succinct episode of STRonomics!
[00:03] Introducing STRonomics
[00:26] Why We Forcast Future Revenues
[1:20] Models
[3:45] How Do I Do It?
[5:20] Where Do I Find This?
[8:10] Market Saturation Level
[10:43] Occupancy
[12:00] 2024 Forecasting
[20:50] No Crystal Ball
[22:45] Marketability of Property
[25:50] Taking All Variables In
[27:37] In Closing
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