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How I Bought My First Boutique Hotel and Where I See Opportunity Over the Next 18 Months | E6
The Rich Somers Report
Maximizing Profit through High Bed Occupancy
By implementing a strategy of maximizing bed occupancy in a market like San Diego where there is high demand from various traveler segments, including international travelers and business travelers who seek good locations at affordable rates, one can generate significant revenue. With the potential to charge between 50 to 70 dollars per bed per night and accommodating multiple beds in a room, it is feasible to earn four to 500 dollars per night. This approach leverages the demand for cost-effective accommodation options, allowing for substantial profits by targeting customers seeking quality stays at lower prices.
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