The Creation and Development of a Brand -The Five Essential Components
By Gianluca Giglio Managing Director, Ragosta Hotels Collection | May 15, 2010
The hospitality industry is undergoing revolutionary changes. Long gone are the days of opening the doors of a boutique hotel in a desirable locale and waiting for your guests to arrive. In order to be successful in today's marketplace, hoteliers must first identify a potential brand opportunity to successfully create and implement a unique hotel branding strategy that allows their properties to compete in a global marketplace. In addition to identifying and developing that strategy, there are many other key factors that affect the overall success of the hotel including concept development, ownership philosophies, management styles, and guests' needs and expectations.
As the managing director of Italy's luxury hotel group, Ragosta Hotels Collection, we have worked to create one of the country's cutting-edge hospitality groups in just over two years. Our organization is comprised of the critically-acclaimed Hotel Raito, located in Vietri sul Mare on the Amalfi Coast, Relais Paradiso on the Amalfi Coast and the soon-to-open La Plage Resort in Taormina, Sicily (opening in May 2010). The Collection is also planning to open a fourth property in Rome, Italy, late 2010. The Ragosta brand is known for creating hospitality experiences that truly reflects the lifestyles of its guests in some of Italy's most spectacular settings.
With experience that expands nearly two decades focusing on hotel operations, finance, sales, marketing, yield management, reservations and branding, we have developed key elements in creating a hospitality brand suited to the ever-evolving patterns of travel.
Five Essential Components in Creating and Marketing a Successful Hotel Brand:
• Be a visionary-recognize a marketplace need
This is the first ingredient and, in most cases, the most important. The first step in developing a brand is identifying a need in the marketplace and developing a concept that will successfully fulfill that need. For example, in developing the marketing concept behind Ragosta Hotels Collection, the organization recognized the growing market segment of high-end, yet younger, travelers who were seeking hotel offerings that mirror their everyday life.