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How to write a property management business plan

SiteMinder

In this guide we’ll hone in on how to start a property management business that services hotels and other short-term accommodation providers. Executive summary The executive summary provides a brief overview of the property management business, highlighting key goals, services, target market and financial projections.

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Your comprehensive guide to hotel classifications

SiteMinder

This is the most common classification of accommodation worldwide. That being said, they all follow a similar system, with one star being the most basic type of accommodation and five star being on the luxury end of the scale. Guests have extremely high expectations when it comes to luxury accommodation.

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Starting a New Hotel: From Groundwork to Guestbook

Hotelogix

Offering promo codes through your website along with a  well-planned hotel SEO (Search Engine Optimization) strategy ensures your website stands out when potential guests are searching  for accommodations in your location. Instead, start with 3–5 well-chosen OTAs that cater to your target market and region.

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7 Must-Attend Hotel Trade Shows and Conferences in 2024

Hotelogix

You have the opportunity to personally meet your target market. Picture how invaluable and priceless the information you can gain from them to aid in your upcoming marketing campaigns. If your presence is going to be on a larger scale than just a booth or assigned team, then consider the press release to get the word out.

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Hotel Branding – 14 Strategies to Boost Your Brand Identity

MediaBoom

By developing detailed guest personas, you can better understand your target market and make informed decisions about your hotel’s branding and marketing strategies. Successful hotels recognize that their customers are individuals seeking experiences, not merely accommodations.

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How to start an Airbnb and become a host

Little Hotelier

An Airbnb is a small accommodation business that is rented out to travellers on a short-term basis. How to start an Airbnb business Starting an Airbnb can definitely be quicker and easier than starting a full scale hotel or B&B business, but there is still significant time and effort involved in getting up and running successfully.

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Building customer relevance to grow market share

Boutique Hotel News

Hotels and accommodation providers are faced with the challenge of appealing to and attracting customers whose demands and behaviours have shifted significantly over the last few years. How have you adapted your sales and marketing strategy to attract these new segments? . How are you catering for new and emerging segments? . •