{Property Name} | Bukit Vista | Business Intelligence - Forecasting Report | {Forecaster}
Bukit Vista First Principles of Property Investment
Success in property rentals depends on five crucial factors.
Guest Experience Management: the quality, reliability, and availability of the management company to deliver consistent 5-star guest experiences.
Property Attributes: we give owner our professional evaluation of their property in terms of design, location, product-user fit.
Ranking: in a competitive landscape, ranking should be the single focus of the management company & owner. When good reviews are written, ranking rises. When guests book our property, ranking rises. Ranking is the keystone to both occupancy and higher daily rates, which translates into greater profits for the owner.
Owner Relationship: A great owner relationship makes it possible to attain, preserve or improve ranking and guest experience. We’ve outlined the key points in the ORQ (owner relationship questions) below
Quality of Staff: Quality of staff greatly affects the comfort of guests staying at the property. The friendlier and more considerate you are, the better impression you'll build and encourage guests to leave great reviews.
Owner Relationship Questions
Are you opposed if we set a low price for first month of launching to get stable booking pace and have good reviews?
Do you support flexible prices (adjust lower or higher 40% from base price) to have occupancy rate more than 60% each month?
Do you support if we reduce prices on nearly expired dates (last minute discount) and unsold gap nights up to 35% compare to normal price?
Do you have any issue with length of stay with lower rates up to 30% than daily rates? (could be number of days, weekly and monthly)
Do you have any issue if we manage all inquiries received from your side to convert it into booking?
The Bukit Vista Projection Method
Our expert team of data scientists and revenue managers will analyze your property’s distinct characteristics.
By utilizing a sophisticated model and comparing it to nearby properties, we will provide a concise revenue and ROI projection.
We use least and average to report our forecast and estimation of the revenue potential of a property. We believe this method is elegant and represents the most honest way to set expectations for an owner.
For example, a property with $3,000 USD least & $4,500 USD average means
In a year at average the property will get $4,500 USD / month
In a year at least the property will get $3,000 USD / month