Hospitality Marketing & Pricing Secrets to Profit in 2021
Hospitality Marketing & Pricing Secrets to Profit in 2021, available at $19.99, has an average rating of 4.1, with 6 lectures, based on 14 reviews, and has 165 subscribers.
You will learn about Understand the basics of Revenue Management in the Hospitality Industry & why it's important Identify the most important numbers in your own business data (KPIs – Key Performance Indicators) Follow which factors actually control how you should be pricing your property Complete an accurate competitive analysis / competitor set for your property Grasp the importance of future bookings or "BOB" (business on the books) Calculate how much it costs to get one "head on a bed" Finally see just why direct bookings are essential to increasing your PROFIT (even if your OTA only charges 15%) Recognize hospitality marketing opportunities within your own business data & use them to your advantage Understand what it means to walk in the shoes of your guest, especially during a fragile market like 2021 Pivot your business if needed & use your business data to guide you during times of crisis or low demand, like 2021 This course is ideal for individuals who are Short Stay Accommodation Owners or Self Catering Property Owners or Vacation Rental Owners or Holiday Let Owners or Bed and Breakfast Owners or Serviced Apartment Owners or Hotel Owners or Hotel Managers or Hoteliers It is particularly useful for Short Stay Accommodation Owners or Self Catering Property Owners or Vacation Rental Owners or Holiday Let Owners or Bed and Breakfast Owners or Serviced Apartment Owners or Hotel Owners or Hotel Managers or Hoteliers.
Enroll now: Hospitality Marketing & Pricing Secrets to Profit in 2021
Summary
Title: Hospitality Marketing & Pricing Secrets to Profit in 2021
Price: $19.99
Average Rating: 4.1
Number of Lectures: 6
Number of Published Lectures: 6
Number of Curriculum Items: 6
Number of Published Curriculum Objects: 6
Original Price: £34.99
Quality Status: approved
Status: Live
What You Will Learn
- Understand the basics of Revenue Management in the Hospitality Industry & why it's important
- Identify the most important numbers in your own business data (KPIs – Key Performance Indicators)
- Follow which factors actually control how you should be pricing your property
- Complete an accurate competitive analysis / competitor set for your property
- Grasp the importance of future bookings or "BOB" (business on the books)
- Calculate how much it costs to get one "head on a bed"
- Finally see just why direct bookings are essential to increasing your PROFIT (even if your OTA only charges 15%)
- Recognize hospitality marketing opportunities within your own business data & use them to your advantage
- Understand what it means to walk in the shoes of your guest, especially during a fragile market like 2021
- Pivot your business if needed & use your business data to guide you during times of crisis or low demand, like 2021
Who Should Attend
- Short Stay Accommodation Owners
- Self Catering Property Owners
- Vacation Rental Owners
- Holiday Let Owners
- Bed and Breakfast Owners
- Serviced Apartment Owners
- Hotel Owners
- Hotel Managers
- Hoteliers
Target Audiences
- Short Stay Accommodation Owners
- Self Catering Property Owners
- Vacation Rental Owners
- Holiday Let Owners
- Bed and Breakfast Owners
- Serviced Apartment Owners
- Hotel Owners
- Hotel Managers
- Hoteliers
When it comes to pricing, 95% of all hosts get this wrong. In 2021, you can’t afford to make this mistake.
Now more than ever, it’s essential to learn the hospitality marketing and pricing secrets you could be missing to turn a profit, and get future business on the books for your vacation rental, holiday let, bed and breakfast, or small hotel.
In this course, you’ll have the opportunity to listen in on 5 private video lectures that have previously only been available to our membership community at Boostly Academy. Because founder, Mark Simpson, feels so strongly about encouraging direct bookings for short stay accommodation owners and small hotels all over the world, these lectures with helpful tips on pricing strategies are being shared with you to help your business thrive, even in 2021.
In this 5 part course you will learn how to:
-
Understand what Revenue Management is, and why it’s important
-
Follow what outside factors actually control your pricing
-
Identify the most important numbers in your business data (KPIs – Key Performance Indicators)
-
Spot trends in seasonality in your business data when looking at occupancy and revenue year over year
-
Recognize hospitality marketing opportunities in your data so you can use them to your advantage
-
Complete an accurate competitive analysis / competitor set for your property
-
Grasp the importance of future bookingsor “BOB” (business on the books)
-
Walk in the shoes of your guest, especially in the fragile market of 2021
-
Calculate how much it costs you to get one “head on a bed”
-
FINALLY see just why direct bookings are essential to increasing your profit (even if your OTA only charges 15%!)
-
Look at recovery trends from the last global recession to understand how this crisis may impact your own financial recovery
-
Pivot your business if needed, especially if you’re typically dependent on international travel
-
Focus on a volume or “occupancy strategy” to get more “heads on beds”
-
Use your business data to guide you during times of low demand
-
Clearly communicate improvements you have made (such as added cleaning, touch-free entry, etc.) to reassure potential guests
REVIEWS
5*s If you own a hospitality business you owe it to yourself to get clued up with help from the best in the business. Mark & his team know their stuff and genuinely want to help you succeed. [K. Cole, Posted 6/10/20 on Trustpilot]
5*s Mark is an ace teacher of all tips and tricks to market your business. Highly recommended! [Liam Carolan, Posted 6/10/20 on Trustpilot]
5*sImplemented 1 tactic straight away and got nearly 200% ROI – Mark gives a lot of advice freely, with love and purpose. Part time legend.
[Mr. Hodson, Posted 6/11/20 on Trustpilot]
Course Curriculum
Chapter 1: Introduction
Lecture 1: Your New Pricing Future
Chapter 2: Revenue Management Basics for Hospitality Marketing
Lecture 1: Which Factors Influence Your Pricing?
Chapter 3: Pricing for Your Bottom Line
Lecture 1: OTAs Actually Cost Me HOW Much?!
Chapter 4: Pricing & Pivoting During Low Demand
Lecture 1: Advanced Revenue Management & Pricing Tips No One Else is Showing You for 2020
Chapter 5: Q&A From Previous Members
Lecture 1: Your Questions Answered
Lecture 2: BONUS: BOOST Website Traffic for Your Hospitality Marketing Property
Instructors
-
Mark Simpson
Independent Hospitality Marketing Consultant
Rating Distribution
- 1 stars: 1 votes
- 2 stars: 0 votes
- 3 stars: 2 votes
- 4 stars: 5 votes
- 5 stars: 6 votes
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!
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