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Hotel feasibility study: Full guide with examples and costs

SiteMinder

It will give you key details such as risks, development costs, potential revenue, preferred target markets, competitor analysis and more. Instead of diving in headfirst after your customary market research, you decide its prudent to conduct a feasibility study to determine if a hotel business can truly be a successful investment.

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A Comprehensive Guide to Hotel Market Segmentation

Inn Quest

This informative blog delves into the world of hotel market segmentation strategy, exploring real-world tactics, methods and actionable tips to help connect hotels with their ideal guests. Continue reading to learn how to identify, analyze and reach your target market like a seasoned hotelier using our guide.

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Building customer relevance to grow market share

Boutique Hotel News

Remaining relevant to guests is key, and those that don’t are at risk of losing market share. As Dimitris Manikis, president and managing director EMEA of Wyndham Hotels and Resorts, said recently : “ You have to evolve with a business… consumers two-and-a-half years ago are different from today.”

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Hotel Revenue Management Strategies

Xotels

Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort. Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

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Top Revenue Management Strategies for Hotels

Xotels

Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort. Understand your Hotels Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

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Win in 2024 with 16 Unique Travel Marketing Strategies

MediaBoom

Utilize customer data to segment your email list and create targeted offers. For example, send ski trip deals to customers who have previously shown an interest in winter sports or visited ski resort pages on your website. Networking, internships, and building a portfolio of marketing campaigns can also pave the way.