Listen "02. Adjusting for Inflation: Should You Raise Your Hotel Room Prices?"
Episode Synopsis
In this episode of Behind Every Booking podcast, we tackle a topic many hoteliers find daunting: raising prices. Together, we’ll explore why staying stagnant isn’t the answer and how smart pricing can lead to greater revenue and long-term success.
Key highlights:
Overcoming the fear of price increases: Learn from Maria’s story and how dynamic pricing helped her grow revenue by 10%.
Pricing as an investment in your future: Understand the importance of creating a capex budget for upgrades and renovations.
Practical steps to adjust rates effectively: Discover how revenue management and dynamic pricing can improve ADR and occupancy.
Inspiration from real-life success stories: Adriana and David’s journeys to 50% growth in direct bookings and an 18% boost in revenue.
Whether you’re managing a boutique property or a larger resort, this episode will guide you through actionable steps to adjust prices without losing guests. Prepare your business for inflation and set it on a path to long-term profitability.
Free Resource:
Radka's Inevitable Hotel Success Community - https://radkatelyckova.com/#free
Stay connected:
instagram https://www.instagram.com/radkatelyckova/
LinkedIN https://www.linkedin.com/in/radkatelyckova/
Facebook https://www.facebook.com/radkatelyckova.hotelrevenuestrategist
Youtube https://www.youtube.com/@HotelSuccessWithRadka/shorts
More episodes of the podcast Behind Every Booking
13. How Much Are You Really Paying the OTAs?
23/04/2025
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.