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A Hotel Checklist for the Leisure Market | By Jil Larson
2 July 2010

Jil Larson

Back in golden times, I frequently took spontaneous trips to recharge my batteries, even if only for the weekend. My favourite spots were Las Vegas, Aruba, or cruising the Caribbean. I did all three at least once every year between 2000 and 2008. I’ve done none of them since.

This isn’t for lack of marketing efforts from the destinations and cruise companies. I’m blasted with email and even snail mail solicitations daily, all with genuinely fantastic deals if I’d just pick up the phone or click the “commit” button online. There was a time when I would have been all over these, but like most of us, I’m more cautious with the indulgences today. I may occasionally see an offer I can’t refuse and jump on it, but I no longer make the effort to search for specific dates or a destination. If you want my business, you’re going to have to come and find me for it.

Based on what I’ve witnessed in the hotel industry, my change in leisure buying habits reflects that of the general population. It isn’t enough to put together a great offer and trust that it will be found on the hotel’s website. To attract today’s leisure traveler, you have to put together compelling offers (note the plural), and spoon feed them to prospective buyers using any and all means necessary. You can have by far the best deal in your marketplace. It won’t do anything if you expect the buyers to find it on their own. They no longer have to bother actively searching for the deals.

If your hotel has found itself struggling in the war for leisure business, consider the following strategies organized by timeframe of impact.

Always and Forever: It doesn’t matter what the market conditions are, independent hotels must remain focused on the following at all times.

Budgeting Timeframe: If your market is expecting big gains within the next 12 – 18 months, skip this section. It will take up to six months before you see measurable returns and by that time you may not need it.

Short Term Fixes: These may boost revenues for the immediate future but should not be tackled without long term plans in place to ensure you don’t become dependent on them forever. These are “give a man a fish” strategies. They can definitely help but are not going to be your long term solution.

Bottom Line: The days of building it and they will come are over, at least for now. Although leisure travel is beginning to rebound, the buying habits have changed. Focus at least as much attention to how you’re going to get the offer in front of the buyer as to what you’re putting in it.

CONTACT
Jil Larson
Principal
Email: jil.larson@dynamicrevenuemanagement.com

ORGANIZATION
Hospitality NetDynamic Revenue Management Ltd.
www.dynamicrevenuemanagement.com/
1730 27th Ave SW, Unit 2
Calgary, AB T2T 1G8
Canada
Phone: (210) 858-8687
Fax: (210) 568-4056
Email: info@dynamicrevenuemanagement.com




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