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Independent Hotel Marketing Strategies - 2017

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Kathleen Cullen - HSMAI Europe
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Independent Hotel Marketing Strategies - 2017

  1. 1. Independent Hotel Marketing Strategies - 2017
  2. 2. WE NOW LIVE IN A PLUGGED-IN ECONOMY #AlwaysOn
  3. 3. A SHIFT FROM PRODUCTS AND PRICE TO RELATIONSHIPS AND EXPERIENCES Product & Price 1970s Products & Services 1990s Loyalty Centric 2000s Experience Centric Today
  4. 4. THE WAY PEOPLE TRAVEL HAS CHANGED FOR GOOD We Have NEW EXPECTATIONS EXPERIENCES Not Prices PERSONALIZATION Not Generalization COMMUNITY Not Singularity
  5. 5. A GLOBAL TRANSITION 46% 45% 82% 88% of travelers with smartphones say they make their decision on mobile, but then book on another device. Google 2015 of travelers would switch if it takes too many steps to book or to get desired information. Google 2016 of leisure travelers are open to considering multiple hotel brands when trip planning. Google 2015 of consumers trust online reviews as much as personal recommendations. BrightLocal 2014
  6. 6. ALL INDUSTRIES ARE SHIFTING Leaders are making the shift towards machine learning, data first strategies. EDUCATION HEALTHCARE MEDIA LEGAL FINANCIAL COMMUNICATION TECHNOLOGY AUTOMOTIVE
  7. 7. THE BEST COMPANIES HAVE REINVENTED THEMSELVES AWAY FROM PRODUCTS AND PRICES #AllAboutRelationships
  8. 8. IN THE LAST 15 YEARS, 52% OF THE FORTUNE 500 COMPANIES HAVE DISAPPEARED 1955 Average Life Expectancy 75 Years 2015 Average Life Expectancy 15 Years Vs
  9. 9. WHO SURVIVED THE TRANSITION?
  10. 10. GENERAL ELECTRIC From light bulbs to digital services "The digital company That's also an industrial company.“
  11. 11. IBM From punch card tabulators to cognitive computing.
  12. 12. THE EXPERIENCE-SHAKERS
  13. 13. THE NEW DISRUPTORS
  14. 14. WALT DISNEY World ResortExtending the guest experience beyond their stay
  15. 15. STARWOOD HOTELS AND RESORTSDynamic pricing on a customer – by - customer basis
  16. 16. WHAT’S THE COMMON THEME?
  17. 17. THEY UNDERSTAND MACHINE LEARNING AND AI CHANGES ENTIRE INDUSTRIES Personalized Services Memorable Experiences Ongoing Value On-demand Insights Anywhere Real-Time
  18. 18. THEY UNDERSTAND THEIR CUSTOMERS ON A WHOLE NEW LEVEL
  19. 19. IT'S A NEW WAY OF MARKETING AND ENGAGING WITH THEIR AUDIENCE
  20. 20. THIS CHANGES EVERYTHING PRICING Unit Price Value Price MARKETING Branding Experience SALES Selling Rooms Creating Memories FINANCE Room Margins Lifetime Value CULTURE Cool Rooms Real Connections
  21. 21. GUEST PERSONALIZATION Demographic data Behavioral Data Financial Data Weather Data Air Traffic Data #BeyondTheCRM Name Email Phone Company Twitter Facebook OLDWORLD Customer Moments Behaviors Likes & Dislikes Purchase History Lifetime Value, Relationships Custom Promotions Engagement Segmentation and More NEWWORLD
  22. 22. THAT'S WHY WE STARTED PRIMAL DIGITAL A NEW WAY TO MARKET INDEPENDENT HOTELS IN THE PLUGGED-IN ECONOMY Guest Management Cross-sells, Upsells Returning Guests Analytics & Tracking Dashboards Report Building Segmentation Brand Exposure Outreach New Markets New Opportunities Drive Revenue Integrations Repurposing Personalization Reduce Costs Time to Market Real Time Less Waste
  23. 23. A REVENUE OPTIMIZATION APPROACH TO MARKETING Step 1 Data Collection & Analytics Step 2 Customer Profiles & Segmentation Step 3 Build & Test Marketing Mix Models Step 4 Implement & Execute Strategies Step 5 Make Adjustments & Deliver Results Branding Content Direct Email Influencers Metasearch Media Buys Mobile OTAs PR Remarketing Search Social Websites
  24. 24. YOUR DIGITAL MARKETING LANDSCAPE Data & Analytics
  25. 25. #StartYourJourney THE END primaldigital.co

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