In this episode, Frank, Trudy, and Josh dive deep into the ever-changing world of the accommodation industry! From the latest market trends to insider tips, we unpack how data-driven strategies, rising domestic tourism, and interest rates are shaping the future! Plus, get expert advice on what it takes to succeed in this booming sector.Key insights include:-The importance of understanding income sustainability for potential buyers-The growing role of small businesses in the accommodation sector-Expert predictions on market trends and the future of accommodation-Personal success stories and lessons learned from industry professionals-The impact of Resort Brokers' research on market analysis and predictionsFollow Resort Brokers: https://www.instagram.com/resortbrokers/https://www.facebook.com/ResortBrokersAustralia https://www.youtube.com/@resortbrokersau https://www.tiktok.com/@resortbrokersauTimestamps: 00:00:00 - Introduction00:00:56 - Celebrating 12 Episodes00:01:26 - Introducing Josh Mangelson00:01:48 - 40 Years in the Accommodation Industry00:02:32 - Evolution of the Business00:02:43 - Growth in Management Rights00:03:25 - Data-Driven Business Strategies00:03:49 - The Importance of Data in Decision Making00:04:51 - Data-Led Strategies at Resort Brokers00:05:23 - Impact of COVID on Tourism Market00:06:14 - Shift in Investment Trends00:07:05 - Attracting Investment Groups00:08:06 - Management Rights Report00:09:14 - Changing Market Dynamics00:10:18 - Trends in Property Turnover00:11:07 - Predicting Market Trends00:12:07 - Importance of Buying at the Right Time00:13:31 - Financial Stress and Market Opportunities00:14:25 - Impact of COVID on Business Decisions00:15:36 - Key Wins and Transactions in 202400:16:45 - Demand and Yield Compression00:18:02 - Shifts in Small Business Demand00:18:14 - Rapid Market Changes00:19:14 - Educating Clients on Market Trends00:20:01 - Understanding Yields and Multiples

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