Hoken not only connects travelers with exciting places to stay but also provides an opportunity for traders to resell hotel rooms and earn profits. If you’re looking to capitalize and make some extra income, this comprehensive guide will walk you through the process of reselling a hotel room on Hoken. 

1. Sign Up and Familiarize Yourself with Hoken

To get started, Hoken and sign up for an account by clicking the “Sign Up” button in the top right corner. Once you’re signed in, navigate to the “Resell” tab on Hoken’s website to learn more about the reselling process.

2. Look for Rooms to Purchase

Click on the “Events” page to explore Hoken’s hotel rooms. We recommend looking here if you have a specific event in mind, or if you want to discover the wide variety of rooms we offer. To find our best deals, read the “Featured Rooms” section on the “Resell” page. For example, this room in Hilton Nashville Downtown is $370 cheaper than market price, and is only available to buy on Hoken! Click “Book a room” to proceed to the purchasing section.

3. Evaluate the Room and Transaction Options

After reviewing the hotel details and deciding to purchase or bid on a room, check the right side of the page for the total transaction amount. If you see the “Buyback Guarantee” logo, it means your investment risk has significantly decreased. You can sell the room back to Hoken for the same price if you’re unable to sell it or no longer want it, until the specified buyback date. Click “Buy now” to proceed with the purchase. 

Some rooms may also allow bidding, where you can submit a purchase request. The room owner will then review and accept or decline your bid, otherwise the bid will expire within 24 hours.

4. Navigate “Roomfolio”

Once you own the room, and have held the room long enough for the price to appreciate where you can make a profit (typically wait within a month of the event associated with the hotel room), click the “Roomfolio” section which is at the top right side of the tab list. Here you can view the rooms you own. Click on “Sell” to list it on Hoken’s marketplace.

5. Set the Resale Price and Preferences

On the listing page, set the price per night for the room you wish to resell. You have the option to allow bidding on your listing, where potential buyers can either purchase the room immediately at a predetermined price or place a bid. Decide whether you want to accept bids or only offer the room at a fixed price. The potential profit from the resell is shown below the total amount. Don’t forget, whenever you resell a room you are refunded on hotel’s taxes and fees!

6. Track Sales and Profit

Once your room is sold, you will receive a confirmation email notifying you of the successful transaction. To keep a record of your sales, click on “History” in your “Roomfolio” section. This will provide you with details of your previous sales, allowing you to track your profits and overall success. 

Reselling hotel rooms on Hoken can be a lucrative endeavor, providing an opportunity to earn profits through strategic purchasing and selling. By following the steps outlined in this comprehensive guide, you can navigate the process with ease. Remember to stay informed about Hoken’s policies, keep an eye on attractive deals, and optimize your listing to attract potential buyers. With proper planning and execution, reselling hotel rooms on Hoken can become a rewarding source of income. Click the link below to get started reselling hotel room reservations today!