Tag Archives: Loyalty Programs

Hospitality Industry Management Update: “The Threat Most Hoteliers are Ignoring”

“That’s particularly true when hoteliers begin marking their competitive differentiation on price20150327_AirbnbNYC—the average price of an Airbnb listing in NYC hovers slightly above $200/night and is well below the average cost of a hotel room in, say, Manhattan.”

“Is anyone worried about Airbnb?”

Nary a hand was raised when Mark Woodworth asked that question from the main stage at the Hunter Hotel Conference. The head of PKF Hospitality Research had to peer into the sea of some 1,200 attendees, hand above his squinted eyes like a sailor gazing into a foggy horizon, to find any. There were maybe five in all.

“Well, I’m going to talk about it anyway,” Woodworth said.

He was right to do so. The peer-to-peer accommodations platform is a threat to both demand and rate. We’ve documented that fact time and time again. Hoteliers just don’t want to hear it.

This dismissive attitude is based on the fact that it takes a lot of Airbnb supply to truly steal share. To reach that mass, Airbnb needs a strong concentration of willing hosts in high-demand markets such as New York City and San Francisco.

For more: http://bit.ly/1CNEnao

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Filed under Hotel Industry, Management And Ownership, Risk Management

Hospitality Industry Management Update: “Hotel Loyalty Programs: No Longer Just About Building up Points, Status”

“Turning casual visitors into active loyalists may be easier said than done, as travelers expect services traditionally considered perks to now be a standard part of the hotel experience.Loyalty Program For example, the study revealed that for frequent traveling millennials, free WiFi ranked with cleanliness and comfort as a top three hotel attribute—not a perk, but as an expected basic.”

Two-thirds (66 percent) of millennial high-frequency travelers rate “unique rewards” as an important factor when choosing a hotel loyalty program, compared with just 43 percent of their older counterparts, according to a new Deloitte study, Winning the Race for Guest Loyalty.

“Our study indicates that customers will wait and see which program will provide them with the greatest rewards before they start to behave loyally, but they will not wait for too long,” said Guy Langford, vice chairman, Deloitte LLP and U.S. Travel, Hospitality and Leisure practice leader. “The race is on for brands to provide swift gratification, particularly for the savvy millennial travelers, who are quick to share their positive experiences or broadcast their discontent over their social networks, and who are acutely aware of the rewards that come to loyal customers. As such, the brand that locks in the customer’s loyalty first and wins that race is the brand that wins that customer, and potentially their loyalty, for life.”

For more: http://bit.ly/1qwWBY5

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Filed under Guest Issues, Hotel Industry, Management And Ownership, Social Media, Technology

Hospitality Industry Profile: “Growth Of Loyalty Programs” Is Central To Hotel Websites Ability To Improve Brand

“The growth in loyalty program membership has had a more positive impact than many hospitality brands would have imagined in a mature market,” said Claude Guay, President and CEO of iPerceptions. “Loyalty programs have taken on a life of their own, not only stimulating visitor’s intent to return to the website, but in also keeping brands at the top of mind when making travel plans.”

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/11/18/prweb8007565.DTL#ixzz15gpY2Z5u

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Filed under Guest Issues, Management And Ownership, Training