The FIFA World Cup is here, but the demand everyone was counting on hasn't shown up. In this Rev Up episode, Jasper pulls real data from Price Labs dashboards across every major host city to show what's actually happening, why it happened, and what STR operators should do right now to protect their revenue.
Occupancy is down in every single host city compared to last year. Dallas, Kansas City, Houston, Vancouver - all down 10 to 15 points. ADRs are up, but not enough to compensate. Jasper explains the two main reasons: regular travelers are avoiding World Cup cities because prices are too high, and international visitors haven't arrived in the numbers anyone expected.
You will hear:
Why occupancy is down 10-15 points in major host cities despite the biggest soccer event in the world
Real market data: Dallas, Kansas City, Houston, and Vancouver compared to last year
Why high airfare and accommodation costs are keeping both local and international travelers away
How visa fears and immigration news stories are suppressing international travel to the US
Why July is still shaping up to be a strong month overall, up 14% on average across markets
We also talk about:
Why the group stage requires a competitive pricing approach right now
Why the knockout rounds could still bring a surge if big football nations like Brazil, Germany, France, or England advance
Why being in the stadium for your country's potential World Cup win is worth any price
Mentioned in the Episode:
Price Labs: https://pricelabs.co
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