Setting your STR Up for Success: Strategic Purchasing with Jeff Iloulian of HostGPO

In this episode of STR Data Lab, host Jamie Lane, Chief Economist at AirDNA, sits down with Jeff Iloulian, CEO and founder of HostGPO. HostGPO is a members-only platform for vacation rental operators, offering access to discounted rates on essentials such as furniture, linens, mattresses, and various amenities.

Jeff shares the inspiration behind HostGPO, spurred by his personal challenges in sourcing high-quality products for his vacation rental properties. The conversation explores HostGPO's target audience, encompassing both property management firms and individual homeowners and recognizes their distinct needs and aspirations.

Jeff provides insights into the initial setup of a vacation rental, emphasizing the importance of careful planning, understanding the target guest demographic, and efficient budget allocation. He recommends opting for durable furniture selections and warns against the expense of custom-made items. The conversation also covers logistical considerations, such as delivery schedules and installation services, to efficiently facilitate property setup.

Throughout the conversation, Jeff's expertise and passion for assisting vacation rental hosts shine through, providing actionable advice for those new to the industry. Lastly, Jeff encourages anyone interested in setting up vacation rentals to sign up for a free consultation with HostGPO to receive customized advice and leverage their strategic insights and partnerships.

You don’t want to miss this episode!

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Connect with Jeff:

https://www.linkedin.com/in/jeff-iloulian-bb0b6829/

https://hostgpo.com/

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Signup for AirDNA for FREE👇

https://app.airdna.co/data

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Connect with Jamie on LinkedIn and Twitter:

LinkedIn: https://www.linkedin.com/in/jamiehlane/

Twitter: https://twitter.com/Jamie_Lane

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Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:

LinkedIn: https://www.linkedin.com/company/airdna/

Twitter: https://twitter.com/airdna

TikTok: https://www.tiktok.com/@airdna.co

Instagram: https://instagram.com/airdna.co

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Find AirDNA at these upcoming events!

https://www.airdna.co/events-airdna

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Navigating Market Dynamics in Hotel and Short-Term Rental Investments

In this episode of STR Data Lab, host Jamie Lane, Chief Economist at AirDNA, sits down with experts Mark Woodworth, Principal at R.M. Woodworth & Associates, and Jack Corgel, Sr. Advisor at CBRE Hotels, to explore the nuanced dynamics of market fluctuations in the lodging industry.

They examine the ease of entry into the short-term rental business and compare it to traditional hotel investments, highlighting the significance of alternative use cases and the changing landscape of consumer preferences.

Mark and Jack delve into the implications of supply fluctuations, underscoring the importance of understanding market cycles and tailoring investment strategies accordingly. They anticipate a resurgence of sustained growth in the traditional hotel industry, propelled by shifting demographics and consumer tastes. The conversation also covers the potential for branding in the short-term rental sector and the challenges associated with ensuring consistency across properties.

Sharing valuable lessons from their extensive careers in hospitality, Mark and Jack stress the necessity of recruiting smart, young talent and staying flexible in the face of market changes. Looking forward, they express optimism for a market rebound and foresee opportunities for expansion and innovation within the lodging industry.

Tune in to acquire strategic insights and considerations for maneuvering through market fluctuations and making well-informed investment decisions in the rapidly evolving lodging industry.

You don’t want to miss this episode!

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Signup for AirDNA for FREE👇

https://app.airdna.co/data

~~~~

Connect with Jamie on LinkedIn and Twitter:

LinkedIn: https://www.linkedin.com/in/jamiehlane/

Twitter: https://twitter.com/Jamie_Lane

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Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:

LinkedIn: https://www.linkedin.com/company/airdna/

Twitter: https://twitter.com/airdna