Each year, many hotel managers ask themselves what and how much they should invest in to meet the expectations of their guests. Without doubt guest satisfaction alongside communications is the most important variable influencing guest loyalty and repurchase behavior.

Thomas Reisenzahn, former secretary general of the Austrian Hotel Association and today managing director of GFB Prodinger Tourism Consulting, recently stated that one of the main reasons for the increasingly difficult situation of hotels in the Alpine region was false and costly investments. I completely agree. However, I believe that this statement is not only applicable to hotels in the Alpine region, but to hotels everywhere!

Today, approximately 50% of all investments made are questionable, if not wrong. This number is quite astonishing. But why is this the case?

The answer is rather simple: Too often, hotel managers have no idea what their guests really want!

A high-quality guest survey requires expertise

Hoteliers tend to use social media analyses obtained from rating sites for decision-making. But these sites are marketing platforms and complaint management channels. They were built for that and are not suitable for basing budget decisions on.

Data from these channels should rather be used to question and verify the results in a guest survey using a questionnaire, which was correctly developed for the hotel. One of the key principles of market research is that you should know the target group giving the answers. Only if you know the needs of your core target group will you be able to take sustainable decisions and then tailor and design your product according to these needs.

Hotel managers will only be able to take the right decisions if they use a questionnaire, which has been developed specifically for their property. Each hotel has its own challenges and particularities, which have to be considered. Preparing a valuable and correct questionnaire requires expertise. Many hoteliers look at what the hotel chains are doing, but are they the right benchmark?

A lot of hotel owners believe that the individual brand is most decisive. Unfortunately, market research does not provide any helpful statements on this, which can be used for the meaningful allocation of investments. I do not know of any hotel chain, which sends out questionnaires containing reliable general statements.

The prerequisite for low-risk investments is to identify what priority the individual business units have for the target group. Only then targeted investment decisions can be taken. Make sure that you and/or your survey provider can answer this important question.

Experience is good, facts are better

Albert Einstein once said: God is not guessing!

Big Data divides mangers in two groups – the ones who know what they are doing and the ones who think they know what they are doing. Which group do you belong to?

For investment decisions this means that gut feeling and experience are good, but only make sense when underpinned by hard facts. Big Data analyses can provide these profound insights.

Use the potential, which cross-linked data nowadays provides. It is simply fascinating how obvious the results are.

About dailypoint™ – Software made by Toedt, Dr. Selk & Coll. GmbH

dailypoint™ is the leading Data Management and CRM platform for demanding individual hotels and hotel groups. dailypoint™ collects data from all relevant sources such as PMS, POS, website, newsletter, or WiFi and automatically creates a central and consolidated guest profile. In 350 steps, the data is processed and enriched by means of artificial intelligence (AI) to create a guest profile like never before.

The cloud-based SAAS solution consists of 16 modules and is complemented by the dailypoint™ Marketplace with almost 200 solution partners. dailypoint™ not only offers measurable marketing, but also covers the entire customer journey and thus supports all departments within a hotel. The integrated Privacy Dashboard is also the central element for the technical implementation of the GDPR.

dailypoint™ is headquartered in Munich, Germany, and is sold and supported worldwide directly or through its distribution partners D-EDGE and XNProtel. For more information, please click www.dailypoint.com

Michael Toedt
Managing Partner, CEO
dailypoint™

View source