Chapter 5

Am I renovating before knowing my break-even?

Tôi có đang sửa nhà trước khi biết mình hoà vốn?

The chapter's question

How many occupied nights do I need each month to cover costs?

Big idea

The break-even occupancy figure must be known before spending the first dollar on renovation.

In this chapter

  1. Part 5.1

    Monthly Fixed Costs

    What are rent, wages, utilities and internet?

  2. Part 5.2

    Net Revenue per Night

    After commission and cleaning costs, what is left from one night?

  3. Part 5.3

    Break-Even Occupancy

    What occupancy rate do those two numbers imply?

  4. Part 5.4

    How Long the Low Season Lasts

    How many months a year is this area quiet?

The reading for this chapter is inside Conan School

This chapter has 4 readings, with case stories and exercises. Chapter 1 of Before the First Guest is free to read right here.

Read in Conan School

Chapters of Before the First Guest

  1. 1.Does welcoming everyone mean nobody picks me?
  2. 2.Is one more room more money, or more trouble?
  3. 3.Do guests pay for style, or for a good sleep?
  4. 4.How risky is opening first and filing paperwork later?
  5. 5.Am I renovating before knowing my break-even?