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With restrictions to third-party data and new AI tools, lodging operators must familiarize themselves with the different hotel market trends and strategies to stand out from the crowd. Here, we look at how the travel landscape is evolving and the latest trends to shape your marketingstrategies this year.
Once you know the type of guests available to you, you will be able to tailor pricing, marketingstrategies, and services to meet the specific needs and preferences of each segment, maximising revenue potential and enhancing guest satisfaction. To benchmark for this, the AverageRate Index is a good way of looking at this.
Have a higher averagedailyrate. Social media and onlinemarketing are essential tools for any hotel that is preparing to enter into new markets and guest segments.
Ad retargeting tools also allow you to create ads with AI-generated content and set your own investment budget to streamline hotel marketing efforts. Ensure your averagedailyrate (ADR) covers ad spend while leaving a profit margin but invest enough to capture user attention. Increase direct bookings with Cloudbeds.
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