THE FASTEST WAY TO MAKE MORE MONEY! - Are you charging your guests enough?

Don't forget to hit that subscribe button!  Strap in this week for a value packed episode, of The Accommodation Show where on simplifying revenue management.  Airlines and hotel chains employ entire teams to determine what their pricing and booking settings should be to maximize revenue. But most short-term rental (STR) hosts don’t have access to the same kind of data, nor have the resources to hire world-class data scientists. It is a huge missed opportunity that could be costing you thousands of $ a year.  So, what can you do to make more from the properties you manage?  To answer this, we are joined by the wicked smart, ultra talented Tim Speicher from Buoy. Tim is the Co-Founder/Head of Product at Buoy, a dynamic pricing platform for vacation rentals, offering automated revenue management tools for the global STR market. Prior to founding the company he was an independent revenue manager, and spent 2016-2018 with Oasis Collections. He is a wealth of knowledge on revenue management, is a great operator and he gives insights and tips that you can apply to your business.  0:00 THE FASTEST WAY TO MAKE MORE MONEY! - Are you charging your guests enough? 01:15 Introduction to Tim, his business and how he started working in Accommodation/Hotels 03:30 What skillsets Tim acquired to become a revenue manager 05:01 The similarity between event pricing and accommodation pricing 08:47 Responsive revenue management based on occupancy 10:36 Revenue knowledge applicable to every vertical in accommodation 12:33 Demand predictors for pricing  16:59 How guest behavior affects pricing 19:01 What to pick from historical pricing data 21:22 What's the real impact of having correct revenue management understanding Resources Website: https://buoy.us/  LinkedIn:https://www.linkedin.com/in/timothysp...  Instagram:https://www.instagram.com/buoy.us/?hl=en  Twitter: https://twitter.com/tim_speicher ------ Want to get the best accommodation marketing tips before everyone else? Hit that subscribe button!    This also keeps us going and creating more useful content for free! Things that will help you;    The Accommodation show:  https://www.theaccommodationshow.com The Accommodation Owners and Managers Facebook Group: https://bit.ly/2NM3dTl​​​​​​​​​​​​​​​ Join the mailing list with all the accommodation secrets: https://bit.ly/3aKBf3X​​​​​​​​​​​​​​​ Need more direct bookings - reach out to us here: https://www.ibooked.online​​​​​​​​​​​ Want to level up your business? Request a 1-on-1 call:  https://clarity.fm/bartsobies Disclaimer: Please refer to relevant websites for latest, up to date, information with all facts, figures and terms and conditions. Information as accurate as we could get it at time of publishing. #ibookedonline​​​​​ #bookdirect​​​​​ #airbnb​​