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  • Reservations / Online Pricing / Booking Engines

  • Reducing Online Reservation Abandonment - Key Fctors to Consider

  • By Jerry Tarasofsky, CEO, iPerceptions Inc.

  • Since there is not that great a difference between making an online purchase and making an online reservation - both requiring the use of a credit card, it is probably a fair guess that the Boston Consulting Group estimate for shopping cart abandonment is not far off the mark for the hospitality sector.

    In fact, feedback from 34,000 visitors to hospitality web sites captured in The Rush Report on User Satisfaction & Hotel Web Site Performance published by Hospitality e-Business Strategies confirms that the overall "look to book" ratio in the sector is approximately 65/35 - For every ten people who visit your site only three actually make a reservation. Imagine how the numbers might look if you could move that look to book ratio to fifty/fifty. Do the math and I'm sure you will agree reservation abandonment is one of the most important issue facing hospitality web sites today.

    To put this all in perspective, what if six out of every ten people standing in line waiting to check in to your hotel suddenly change their minds and high tailed it out to stay somewhere else.

    My guess is if this situation took place in a traditional bricks and mortar location, you ...

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Hotel Business Review Reservations / Online Pricing / Booking Engines

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Coming Up In The March Online Hotel Business Review

"Hotel Business Review offers weekly articles for hotel management and operation and discussion on emerging growth markets."
Feature Focus
Hotel Human Resources: The Biggest Challenges
The economic challenges of the past four years have led many hotel companies to re-examine the ways in which they do business and how they deploy talent. In many cases, the work did not go away and fewer people were left to carry on the tasks that had previously been shared among many. As we work our way out of the recession and look forward to a healthier economic environment, there is an understanding that despite recovering business levels, we may never see the return of former staffing levels. This "new norm" of operating with leaner teams has led Human Resources professionals and people managers to look at career development and growth opportunities in a new light. The March Hotel Business Review will take a look at some of the strategies being used by successful hotel brands, and techniques human resource directors are currently exploring.
INSIGHTS FOR INDUSTRY LEADERS BY INDUSTRY LEADERS
"The Four Habits of Highly Effective Human Resources"
By James Bermingham, Vice President, Montage Hotels
"Embassy Suites 'The Circle of Leadership"
By Darci Riesenhuber, Director of Brand Culture, Embassy Suites Hotels
"Applying Consumer Marketing Best Practices to Employee Loyalty"
By Fred Bendana, Executive Director Client Services, Maritz Loyalty & Motivation
"How Incentives are Changing to Keep Existing Staff Motivated?"
By Jim Houran, Partner, HVS Executive Search
PLUS: Mobile Technology - Attracting & Retaining Top Talent - Education - Employee Engagement - Employment Claims & Litigation - Employment Contracts - HR Management.