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Today, we delve into the pivotal role of "context" in AI. Here's the key takeaway: The richer the context you provide these AI tools, the more meaningful your questions become, and thus, the more insightful their responses. We'll put Google's Bard and Chat GPT-4 under the microscope, assessing their capabilities and performance in real-world situations such as generating compelling social media posts.

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Visit Oranastay.com to find out more.

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The ultimate goal for every property and hotel manager is to attain optimal profitability consistently. In the accommodation sector, the objective is to maximise both the number of bookings and the revenue per booking for properties and hotels alike. This involves striking a delicate balance between supply and demand, allowing you to set competitive prices without sacrificing business to rival establishments. Failure to effectively manage this balance can result in vacant properties or hotel rooms, or underpriced rentals, ultimately leading to lost revenue.

To ensure consistent bookings and maximise earnings from each stay, property and hotel managers must employ dynamic pricing strategies for short-term rentals and hotel rooms that account for variable demand. Additionally, adjusting booking restrictions throughout the year can further enhance booking prospects and revenue generation. By adopting these strategic approaches, property and hotel managers can foster a more profitable and sustainable business model in the ever-evolving accommodation landscape.

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And for your discount!

1. Go to this link www.apacrmsummit.com

2. Select a 2-day delegate ticket

3. Apply the code BART23 on checkout for 10% off the retail price.

(note - we do not receive any commission, this is purely to give you the opportunity to attend at a better price)

📋 Chapters!

00:00 Changing Travel & Guest Demographics: Simplifying Revenue Management 🌍

01:56 Meet Melissa Kalan & the Unstoppable Conference 👋

06:20 Latest Revenue Management Trends in Hospitality 🔍

11:07 Short-Term Rentals vs Hotels: Revenue Management 🏠

12:43 COVID-19 Impact on Revenue Management 🦠

17:01 Inflation & Dynamic Pricing in Hospitality 💰

18:29 Preparing for Market Changes 🤔

24:23 Changing Customer Demographics 🧑🏻‍🤝‍🧑🏽

25:05 Online Review Scores & Revenue Management ⭐️

26:33 Unstoppable Conference Overview 🎉

30:00 Forecasting, Revenue & Pricing Strategies 🤑

Show Links

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🥊Hotels - BNBs - STR Owners!

Need more direct bookings or a brand new website? We double direct bookings!

Book an appointment! We get results! https://www.ibooked.online​​​​​​​​​​​🥊

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Disclaimer: *All content on this YouTube channel, Podcast or post reflects my own and guests opinions and should NOT be taken as legal advice, financial advice or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.

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.

Scaling a small business is crucial for a variety of reasons, including capitalising on market opportunities, attaining economies of scale, attracting leading talent, strengthening brand recognition, and building resilience against economic fluctuations. Furthermore, consistent growth can bolster investor confidence, stimulate innovation and adaptation, afford a competitive advantage, and enhance the company's valuation. In the end, business expansion contributes not only to the enterprise's long-term success but also provides a sense of personal satisfaction and achievement for entrepreneurs.🚀

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