The guest journey and revenue management - what opportunities are you missing? - Hotel Reservation & Online Hotel Booking Engine
Hotel Revenue Management

The guest journey and revenue management – what opportunities are you missing?

blog Banner

The guest journey is typically broken up into three very distinct stages. Stage one is the period leading up to the stay, stage two comprises the stay itself and stage three of the journey is what happens after the stay.

At each of these three stages, you should have services, processes and technologies which maximise the user experience, increase convenience and sync with your hotel revenue management software to boost bookings and RevPar.

Here are a few ways you can drive up your revenue throughout the three stages of the guest journey.

Offer your best rates

Use your hotel revenue management software to check that you are pricing your rooms correctly. You’ll also want to check that your room rates are competitive when compared with similar properties in the area- guests shop around and convenience and value for money are key. Whether you choose to limit inventory available to aggregators or welcome indirect bookings, making your best rates available at a profitable margin, is an opportunity to grow your bookings.

guest journey and revenue management

Link your marketing efforts with your hotel revenue management software

Offering guests great value for money doesn’t have to end when a booking has been made. If your marketing and revenue management teams work closely, you can create opportunities to upsell guests as they move into the stay stage of their journey. That could mean they stay longer, purchase a more expensive accommodation type or spend more during their stay on upgrades.

Start by identifying where you can offer upgrade promotions, leverage cross-selling and promote add-ons such as in-room dining, spa treatments, excursions, attraction tickets and even car hire. Your hotel revenue management software should help you to pick up on seasonal and guest demands – this data can then be shared with your marketing team to ensure your promotional strategy reflects that insight.

Know who your most valuable guests are

Although your hotel will value all bookings, it’s undeniable that some guests are worth more than others. They may be the ones who go return often, choose the most expensive suite or spend highly on in-hotel services such as spa treatments and dining.

Your revenue management software should help you to identify who these guests are, so that you can craft appropriate offers to them at each stage of their guest journey. This could be delivered via a loyalty app or via one of your other owned distribution channels for example.

By working closely with your marketing department, your revenue management team should be able to ensure that every opportunity is taken at each stage of those valued guests journey. This should be considered at every stage of the guest journey. Don’t fall into the trap of trying to upsell when booking or promote spa treatments or upgrades at the stage of stay. Identify where post-stay opportunities exist to, in order to draw those most valued guests back to book with you directly or stay more frequently.

Related Articles

post-thumb

Increase Direct Bookings This Quarter? #1

It seems that the days of booking trips and holidays through travel agents

Continue Reading
PPC campaign guide

How do you Create a Great PPC campaign?

Welcome to the 21st Century… if you haven’t done so already, it’s time to get your business on board the digital marketing train, before all your competitors disappear down the tracks. But where to start? One of the most popular forms of paid search marketing – advertising that exploits the power of search engines (i.e. […]

Continue Reading
Hotel Distribution Strategy

Converting Lookers into Bookers: Building a Hotel Distribution Strategy That Works

It’s an understatement to say that, in recent years, marketing a hotel has become more complicated. The digital revolution has expanded booking opportunities – leading to a dizzying array of online travel agents (OTAs), website opportunities and social media platforms to take advantage of, and direct booking engines to build and deploy. So, where does […]

Continue Reading
marketing and revenue management

Personalisation Leads to Higher Engagement in The Hotel Business

In the hospitality and travel market, email marketing can be personalised effectively. This is accomplished through a variety of simple techniques. By building customer profiles for your niche market, it becomes simpler to personalise emails that will address every client individually. Tips to use personalisation as part of hotel marketing solutions: Use names: The easiest […]

Continue Reading
Hotel Stay

Management of Hotel Reputation Is Critical

For any business to succeed it has to have a strong reputation in the market. While the reputation of any business was subject to word of mouth publicity, things have changed in this digital age. Now it is the virtual world or the internet, which makes or breaks a business’s reputation. Reputation does matter As […]

Continue Reading

Need help growing your hotel revenue?

We’d love to talk to you about it!

Get In Touch