This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Now that your targeting strategy is in place, let's explore how to measure the success of your segmentation efforts. Now that you have a comprehensive measurement framework in place, you can make informed decisions about your hotel's strategic direction and resource allocation.
Customer Analysis In-depth information on your targetmarket, including geographic, demographic, socioeconomic, psychographic, and behavioural segmentation details. It can also help you to keep up to date with the latest hotelmarketing trends to understand which are the types of guests who will be staying at your hotel.
When done effectively, personalization can help hotels earn more bookings, higher averagedailyrates (ADR) , and better online reviews. And it all starts with hotelmarket segmentation. What is hotelmarket segmentation? Use booking data to determine which market segments to target.
Set Up GA4 for Hotel-Specific Metrics While GA4 provides a standard setup for website tracking, it is essential to configure it to capture hotel-specific metrics. Create custom events and goals within GA4 to track these metrics accurately, allowing you to measure your hotel's performance effectively.
In terms of hotel revenue management consulting, this guidance usually takes the form of more effective pricing – identifying and setting room rates that are alluring to your targetmarket and result in more bookings, while maximising the amount you earn from each booking.
Take advantage of the shifting market and raise your rates compared to keeping them static in order to earn more revenue. Open pricing Open pricing defines the flexibility hotels around the globe have to set their prices at different levels depending on the various targetmarkets and distribution channels they deal with.
Flash Report Flash Report presents the summary of hotel performance metrics. It provides a quick overview of key performance indicators (KPIs) such as occupancy rate, AverageDailyRate (ADR) , and Revenue per Available Room (RevPAR) for the previous day, week, month, or year (depending on the configuration).
By developing detailed guest personas, you can better understand your targetmarket and make informed decisions about your hotel’s branding and marketing strategies. Consistency Understand what you believe in and stick to it: this is the first step of your hotel branding process. Still Have Questions?
Revenue management is another huge part of your hotel operations, with the main business goal focused on how to get more money coming in. You’ll need smart revenue management and pricing strategies if you want to optimise your AverageDailyRate (ADR). Offer options guests won’t be able to find on OTAs.
Revenue management is another huge part of your hotel operations, with the main business goal focused on how to get more money coming in. You’ll need smart revenue management and pricing strategies if you want to optimise your AverageDailyRate (ADR). Offer options guests won’t be able to find on OTAs.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content