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Lockdown restrictions and global health concerns forced us to look at different ways of doing things – Zoom calls replaced business travel, working from home replaced the daily commute, and staying in became the new going out. Remaining relevant to guests is key, and those that don’t are at risk of losing marketshare.
Profitability is a sexy word for anyone in business. When it comes to understanding your customers, marketresearch is essential to the success of any business, no matter if it’s marketresearch for B2B or B2C. Click above to watch Tom’s Full Interview What is MarketResearch for B2B?
Yield management allows hotels to stay competitive in a crowded market, increasing their marketshare and revenue. Yield management also allows hotels to focus on other aspects of their business, such as customer service and marketing.
trips per year (half for business and half for leisure, totalling an average of 29 days per year). One of the biggest benefits of appealing to the luxury market is that while the rest of the world may be affected financially by global events (e.g. of marketshare and a revenue of USD 461.65
In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market.
Stay tuned as this article from Mediaboom shares what branded content is, how it can help your business, and how you can use it to your advantage. Transform Your Business Today Schedule Your Free Consultation Looking to take your business to the next level? Mediaboom is here to help. Mediaboom is here to help.
But, first things first, let’s understand what a USP really is in the context of a hotel business: A Unique Selling Proposition (USP) is a distinct and memorable feature, service, or aspect of your hotel that sets it apart from competitors, resonates with your target audience, and delivers tangible value.
In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Understand your Hotels Market The success of your revenue management strategy depends on how well you understand your market.
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