Takeaways from STR Legends Cartagena

“2020 is going to be the year of the professional host, regardless if you’re running one unit or if you’re somebody that’s trying to hit a hundred or a thousand units. All of it, the standards need to be world-class at this point. We have to truly treat even one unit as a real business.”Eric Moeller is the creator of Cohost Mastery and the cofounder STR Legends Live. Today, Eric and I sit down to discuss our top takeaways from STR Legends Cartagena, describing the trend toward professionalism in the industry and the challenges around operations that all hosts share regardless of size.Eric and I weigh in on how to approach your STR as a business, sharing Simon Lehmann’s challenge to define your values and align your messaging accordingly. Listen in for insight on how big brands are likely to impact the future of the STR industry and learn how YOU can benefit from the culture of sharing among the STR Legends community!Topics CoveredThe Hosting at Scale Video SeriesFour episodes, each feature one operatorExplore what makes them legend in spaceEric’s top takeaways from STR Legends CartagenaShift to professionalismOperations + people = greatest challengeThe evolution of operating in the STR space‘List it and forget it’Listing optimizationApproach from business perspectiveHow to stand out as a host as competition growsDetermine USP (i.e.: standards, theme, etc.)Design messaging to attract ideal clientSimon Lehmann’s STR Legends Cartagena challengeDescribe your business in one sentenceWho are you and what are your values?The culture of sharing at STR Legends CartagenaAuthentic connection among communityValue openness, integrity and supportWhat we learned about the future of the STR spaceLarger companies buy out midsize operatorsMust understand profitability to thriveEfficiencies of scale offer competitive advantageWhy vacation rental hosting is a hyperlocal businessKnowledge of area important in hospitalityOpportunity for small hosts (personal connection)Connect with EricCohost MasteryAirbnb Mastery SummitEric on LinkedInResourcesSTR LegendsGPFYP on YouTubeSTR Legends on InstagramY CombinatorSimon Lehmann on GPFYP EP308Carmen CartagenaTraction: Get a Grip on Your Business by Gino WickmanWho by Geoff Smart and Randy StreetSonderLyricVacasaEmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.