I Raised my Prices and my Bookings Tripled!

7.4K views6 months ago7m 36sScore: 82

Sean Rakidzich

Pricing & Profitability
intermediate
Pricing Strategy
Dynamic Pricing
Revenue Management
Seasonal Pricing
Market Research

Summary

Sean Rakidzich explains how raising prices can increase bookings and revenue. He outlines strategies for managing rates during slow and peak seasons by setting high base rates and strategically applying length-of-stay discounts, using a pricing tool, and monitoring the competition to increase value perception. He emphasizes data-driven pricing and understanding one's market position to optimize revenue.