How Data is Revolutionising the Way We Price Accommodations - w John deRoulet Wheelhouse

Diving into the complexities of pricing strategy and revenue management can often feel like navigating through a maze without a map. Yet, it remains one of the most pivotal aspects of running a successful accommodation business. It's why I'm particularly excited about this weeks episode. I had the pleasure of seeing John deRoulet speak at VRMA a couple of years ago, and it was not only a pleasure but super enlightening. I had many wow moments! Not only that, John is one of those characters in the STR industry that puts a smile on your face as soon as you see him. His ability to convey intricate concepts in an accessible manner is unparalleled. Understanding the nuances of revenue management is akin to uncovering hidden treasures within your operations, and John masterfully guides us through this journey. SHOW LINKS: Wheelhouse: https://www.usewheelhouse.com Key Data Dashboard: https://www.keydatadashboard.com #RevenueManagement #HospitalityInnovation #AccommodationSuccess 📋 Chapters! In this episode, we discuss: 00:00 Introduction to Revenue Management Insights 05:21 Fundamentals of Revenue Management 10:36 Adapting to Hotel Industry Changes 17:38 Predicting Revenue Management Trends 21:18 Revenue Strategies for Small Enterprises 28:50 Key Learnings in Revenue Management 35:16 Building a Revenue Management Team 42:00 Reflecting on Revenue Management Wisdom 42:44 The Essence of Revenue Management Practices ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🥊 Hotel - BNB - STR Owners! 🥊 Need more direct bookings or a brand new website? The trusted tech partner you can count on. We deliver results. 🥊 https://www.ibooked.online ​​​​​​​​​​​🥊 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Don't forget to hit that subscribe button! This also keeps us going and creating more useful content for free! ACCOMMODATION OWNERS AND MANAGERS FREE RESOURCES! 📧Join the mailing list for freebies and critical industry updates: https://bit.ly/accommodationtipsandtricks 🌍The Accommodation Owners and Managers Facebook Group: https://bit.ly/AMoFacebookCommunity 🗨 Connect with Bart Sobies for more industry insight: https://www.ibooked.online/bart/ 🎙 Subscribe to the podcast to listen later: https://www.theaccommodationshow.com ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Disclaimer: The content shared on this YouTube channel, Podcast, or associated posts reflects personal opinions and insights. This content is not intended as legal, financial, or investment advice. Always consult with licensed professionals before making decisions. The hosts and guests disclaim liability for any consequences from the use of this content. Actions taken should be based on your personal due diligence. Affiliate Disclaimer: This blog, podcast & youtube channel; will occasionally contain affiliate links, which means I receive a small commission on a purchase without additional cost to you, if you buy something through my links. The purpose of this show is to educate viewers and share everything I know about improving your accommodation, STR and AirBNB business. I do believe in the products and services that we link to and that you may benefit from them. If you do purchase through my affiliate links; I want to thank you for your support.