I want to receive an average rating of 4.5 out of 5 stars from my guests

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“I want to achieve an 80% occupancy rate year-round.” b. The amount of income you want to target How much income do you want at one time? “I want to increase my income by 10% compared to last year.” c. The benefits you want to achieve This refers to how much profit you want to make. We look for the difference between your income and your costs. “I want to maintain a 30% profit margin after covering all my costs.” d. Guest satisfaction level What do your guests feel after staying at your homestay? In the context of price, guests need to feel that the price paid is very much worth the service and accommodation experience they receive.


By setting clear goals and objectives, you can assess whether the pricing strategy bolivia phone number resource you are using is capable of delivering the revenue you are targeting or not. If it is not effective, you can make any changes you feel are necessary. (5) Use appropriate pricing strategies The fifth step in setting competitive prices is to set a specific pricing strategy. Don't worry, because we will discuss several pricing strategies that you can implement in your homestay business. There are actually several strategies you can use in setting the rental rate for your homestay.


As mentioned before, one method is to choose a price that can cover the costs and expenses you need to run this business smoothly. This time we will try to explore other methods that can be used. 1. Price based on the value of your homestay In this context, you will set the price based on the value that the guest will receive when he chooses to stay at your homestay. To ensure this pricing strategy is successful, you need to make sure guests can see that your homestay has a very valuable value, and that it will not be available anywhere else.