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Are you also looking for ways to increase your service apartment revenue? Are you also facing challenges in getting bookings for your apartment? No need to worry; we are here to help you take your business to the next level.

Increased revenue for your serviced apartment depends on several factors. You need to take into account every factor that will satisfy your customers. Satisfied customers can help our business grow very quickly. Alongside improving the quality of your apartment, you must take care of your management and marketing strategies.

After going through this blog post, you can take our service apartment business to the next level. Implementing these strategies will boost your business. These are proven strategies effective for all kinds of apartments. Stay with us till the end; otherwise, you might miss a chance at higher earnings. 

Guest Satisfaction

Guest satisfaction is essential if you are working in the hospitality industry. Add every possible facility to satisfy your guests and make them feel valued. It will help in getting revisiting customers, and their positive experience will also improve your reputation.

Here are some additional facilities which can satisfy your guests.

• Premium facilities like Swimming pool, gym, spa, etc.
• Attractive lighting
• Resident mobile app
• Carpet flooring
• Smart gadgets like Alexa
• Gaming consoles (X-box, PlayStation, etc.)

Provide Additional Services

Additional services can also attract more customers and increase the revenue of your serviced apartment. These may include taxi service, laundry, parking and other facilities. You may also offer preparations for any special event based on customers’ requirements. Sell these services during booking; it will make it more attractive and convince customers to book,  

Reduce Your Operational Costs

Another essential point is reducing your operational costs. You cannot improve your earnings if you are spending a lot. Constantly monitor them and reduce them gradually to increase your revenue. Here are some practical tips to do so;

• Get better deals from suppliers
• Reduce energy consumption
• Reduce maintenance costs
• Keep only the required staff

Add Advanced Technology

Adding advanced technology to your serviced apartment can also help attract more customers and improve their experience. Automated tasks will also improve guests’ privacy.

There are several hospitality software in the market. Using them can also be a plus in this regard. It will help with booking and connecting rooms, real-time inventory distribution, and other factors. You can purchase them from platforms like Guesty and Lodgify.  

Offer Competitive Pricing

Pricing is also a significant factor in serviced apartment selection by guests. Search your market and offer competitive pricing. Offering deals and special offers can also help attract more customers. Alongside profit, ensure customers are getting the best value for their money. It will eventually increase your customers and help you in getting more revenue.

Ways To Extend Guests Stay

Try different methods to extend the guest’s stay. Extended stays will keep your apartment booked for longer durations and help increase the revenue of your serviced apartment. You can do so by offering discounts on more extended stays or restricting a minimum stay limit in the high season.

You can also provide additional services on more extended stays. It may include free meals or a tour of any entertaining place. You can add anything here that will attract your customers. Longer stays will reduce your maintenance costs as well.  

Easy Booking And Cancellation

Another tip to increase your service apartment revenue is providing easy booking and cancellation facilities. Keep your booking policies flexible for cancellation or extending the period of booking.

 It will increase the chances of booking customers who need to know the exact duration of their stay or their availability depending on certain factors. You may add some cancellation fees to avoid potential loss.

Better Marketing Strategies

Your marketing strategies are also essential in selling your services. Ensure you have an excellent online representation. Promoting your services on social media can also increase your bookings and, eventually, your revenue. 

Install A Hospitality Management System

Installing an efficient hospitality management system (HMS) can also be more attractive for customers. It will simplify operations and automate more tasks, which will help guests. Get an advanced HMS system installed as soon as possible if you have not done so yet.  

Expert Saff

Your staff and their behaviour are also crucial in satisfying your guests. Keep limited but expert staff to meet your guest’s needs. Ensure their behaviour is hospitable towards your guests. It will improve their experience, and they will return to you when they need a serviced apartment again. 

Your Reputation

Although you may not think so, your good reputation is essential to increasing the revenue of your serviced apartment online. Customers usually decide to book by checking ratings and reviews online. Here is a survey according to TripAdvisor, which states, “87% of travellers check the ratings and reviews before booking any hospitality place”.  

Safety And Security

The last and essential point for attracting more customers and increasing your service apartment revenue is ensuring safety and security. Ensure the installation of advanced security systems in the apartment and guards outside to make the guests feel safe. It is also a notable factor for many people while booking any serviced apartment.    

Final Words

Implementing these techniques will boost your service apartment revenue. It will make your rental business worthwhile. All these tips revolve around customer care. When you care for your customers, you automatically get more bookings, increasing your earnings.

An essential part of this procedure is constantly updating and improving your system for your customers. It is very profitable, and applying the right strategies can change your fortune.