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Property Business Structure & Taxation Masterclass
What You Need to Know
Your revenue can triple using this method, increasing occupancy and profitability without having to acquire more properties. In addition, you will also save money by reducing marketing costs, optimising sales commissions, minimising operational expenses, and developing longer and more loyal relationships with new and existing clients. You will also receive more direct bookings without using any online booking platforms like Airbnb and Booking.com.
The majority of serviced accommodation businesses focus on holiday lets, which do not meet the criteria for corporate bookings. This pillar offers you support and helps you understand the needs and requirements of corporate clients so you can have the confidence to source the right property, in the right location, with the right criteria and set it up correctly to meet your corporate clients' requirements.
What's Included
The majority of serviced accommodation operators rely on online travel agencies such as booking.com and Airbnb to secure bookings for them. By doing so, they are tied to these channels and have to pay high sales commission costs of 15 – 18%. The delayed payouts received from these channels also impact your cash flow. This pillar offers marketing communication systems and provides bespoke scripts for you to negotiate directly with your clients. With confidence, you can close deals with less than half an hour of communication with your corporate clients, avoiding channel communication costs and building direct relationships.
To generate direct long-term bookings, commitment from serviced accommodation operators is essential. You will need to allocate time to understand your local market, learn about marketing, and build relationships with your corporate clients. This pillar offers you a comprehensive system covering properties, pricing strategies, managing availability, branding, marketing communication strategies, operations, and systems. This way, you can feel confident in building THE MONEYTREE system to achieve your goals, serving your customers, and attracting and retaining direct long-term bookings from your target customers over time.
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