Bukit Vista always aim to inspire delight to our partners through hospitality innovations. For over 10 years, we have experimented, tested, and delivered our valuable service to our 130+ partners as of today. Today I’ll be explaining some of those programs to you in detail that help to transform our partners and optimized their revenue.
Strategic partner engagement
Responding to issues
Despite having 130+ partners to manage, we regularly communicate and engage with them on a routine basis. Based on the priority of their concerns, we help to respond some of the issues they face of guest complaints such as booking issues, connection issues, and cleanliness. After receiving this information our guest on site supervisor or hosting team will try to fix the issue right away and come over to the property if necessary.
Other potential issues could be an error with our BVGO app, where after receiving this complaint. Our product development team will try to fix and optimize it for future development. Or requiring renovations needed for the property, we can help block their booking calendar and refer to our community experts for help.
Whatever the problem is we will always try to find a solution to help our partners!
Performance report & pricing strategy
Not only do we help to solve our partners issue. We also provide a performance report to our partners on how well their bookings, occupancy, and revenue earned as of last month. As we collect each of our partners performance data, we can determine our property performance details and determine the best pricing strategy to optimize revenue in the future.
Bella, Bukit Vista revenue management specialist usually analyze the performance of our property partners and give a pricing strategy in the future. Below is a video of her explaining the performance report to our partner in Umalas.
Dynamic Pricing Program
As mentioned before we determined the pricing of our rental property using data, so our prices are not constant.
Dynamic pricing is actually a strategy where businesses adjust the prices of their offerings to account for changing demand.
The goal is to get the right price, at the right time.
The Revenue Management team at Bukit Vista monitors your property performance frequently and utilizes dynamic pricing as a strategy to have your property occupied. Each property is assigned to a pricing specialist and follows an inspection schedule on a weekly basis. Below is an illustration of the strategy in more detail.
Using machine learning to automate the process and increase efficiency
As we have more than 130 property partners, it could be hard to determine each individual property pricing. That’s why we implement a machine learning (promenade) as a recommender machine for our pricing analyst here in Bukit Vista to automate this process and prevent human error.
Overtime, every single data that we supply to Promenade will increase its efficiency and effectiveness to generate a better pricing strategy. This ensures a continuous improvement and a more scalable pricing adjustment for the properties here in Bukit Vista.
To know more how Promenade works, click on the image below.
Our Partner testimonial
We talk with one of our partners, Pak Wayan to get his opinions regarding our 2 programs above. He knew us from our brother and decided to partner with us after seeing the results back in 2018. He mentioned that working with Bukit Vista have been according to his expectations and is good that Bukit Vista is able to maximized the occupancy of his rental rooms. Which results in a higher revenue. As you can see on the table below of the property booking pace and revenue received has increased in the last months, taking account seasonality
In the end he said that he’ll for sure recommend Bukit Vista as a property management service. And even have refer to some of his friends about our service
If you read all the way down here, hopefully you know now more about the service we provide to our partners. As mentioned earlier, we always aim to transform and inspire our partners through hospitality innovation.
If you’re looking to be positively transformed too, check out our property management service page. And get a consultation on how we can help you.