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Hey—Ben here Over the last 5 years, our team has scaled a portfolio of unique stays to $50M+ in property value. How? We got extremely clear on how much revenue we were losing by relying on OTAs like Airbnb. And once we calculated that number, we knew we needed to shift to a direct booking strategy. When you do this for your own property, you’ll see:
So, we turned the exact model we built for Onera Fredericksburg into a plug-in-your-numbers asset. Click here to get your free Direct Booking Opportunity Calculator.Hope this helps! —Ben Wolff Founder, Oasi & Modern Hospitality Accelerator PS… Once you know your numbers? Click the link below to schedule a complimentary (free) Demand Engine Strategy Call with my team. In about 45 minutes (or less), we’ll show you how we can help you fill your rooms, raise your rates, and put the systems in place to scale (with as much or as little direct involvement from you). Here’s the link to schedule a free Demand Engine Strategy Call in the next 2-3 days. |
I build & manage unique hotels with the highest returns in hospitality. Learn how to grow your vision and go from commodity STRs to boutique hotels.
Which pricing strategy should you use? Option A: Manually set your rate and leave it. Option B: Use a dynamic pricing tool to adjust your rates automatically based on the market. Now, this is a bit of a trick question because the right answer I'm looking for is… You should be working towards a Custom Revenue Management System. Why? If you manually set your rate, you’d better hope you can time the market right. Otherwise, you’ll probably end up: Pricing too low and maxing occupancy (with a...
Over the past few weeks, we've begun sitting down with Accelerator members to look back at their first five months with us. Across the board, one lesson keeps coming up: Pricing. More specifically… How to price so that ADR goes up and occupancy goes up with it How to set prices when you don't have a booking history to lean on So today, I want to walk you through one member who figured it out. They opened five cabins in April, in a North Carolina mountain town most travelers haven't heard of,...
Before this week's episode: Slow season gets decided 60 to 120 days out. Most hotels are still solving it 30 days out, cutting rates alongside everyone else. My Baya co-founder Steve, Katarina Glejtkova (our Director of Revenue Management at Oasi) and I are running a free 90-minute workshop on Zoom on how to price early, and stop joining your competitors in a race to the bottom. Join us on October 7 Wednesdsay at 1PM EST. Save your seat here. Hey, Ben here! Edwin, Zach and I kept landing on...