Today, we're diving deep into the nitty-gritty of a topic that every accommodation business owner has on their mind but often struggles to perfect: profitability. You heard me right! We're peeling back the curtain on what it takes to run an accommodation business that doesn't just survive but thrives.
Eoin Loftus from Loftus Advisory shares five practical tips to help accommodation businesses fight rising costs, increase profits, and protect their bottom line, including updating your website, identifying top costs, setting targets and tracking KPIs, and recouping credit card surcharges. These tips can help businesses of all sizes, from small Airbnb operators to large hotels, improve their financial outlook and achieve success in a competitive industry.
YouTube Chapters
00:00 Eoin Loftus Unveils the Secrets to Hotel Profitability Amidst Economic Uncertainty
07:13 How Curiosity Became Eoin Loftus' Stepping Stone
14:29 Transform Your Hotel's Finances: Five Actionable Tips to Combat Rising Costs and Skyrocket Profits
21:44 Mastering the Art of Competitive Pricing: Where You Stand in the Marketplace and How to Profit
28:59 Boost Your Hotel’s Organic Growth: The Essential Role of Regular Website Updates
36:15 Unlock More Bookings Through Trust: How Effective Website Branding and Cost-Efficiency Go Hand in Hand
43:32 The Hidden Cashflow Gem: Recouping Credit Card Surcharges for Tens of Thousands in Savings
50:45 Secure Your Profits Now: Why Setting and Tracking KPIs is Non-Negotiable for Small and Medium Hotels
SHOW LINKS
https://www.linkedin.com/in/eoin-loftus-gaicd-28243050/
Hashtags
#ProfitabilityMastery #AccommodationBusiness #EoinLoftusInsights
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Disclaimer: The content shared on this YouTube channel, Podcast, or associated posts reflects personal opinions and insights. This content is not intended as legal, financial, or investment advice. Always consult with licensed professionals before making decisions. The hosts and guests disclaim liability for any consequences from the use of this content. Actions taken should be based on your personal due diligence.
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