It's Not Mobile First - It's Guest First

By Tim Peter Founder, Tim Peter & Associates | January 14, 2018

We're living through the next phase of upheaval in the industry. Mobile continues to transform the guest's experience much as the Internet has over the last 20-odd years. And yet I often hear from hoteliers who feel that these changes are at best a distraction, and, at worst, a complete waste of time.

Santayana's famous adage, "Those who cannot remember the past are doomed to repeat it" feels terribly appropriate. Because if you think mobile won't affect your business, here's a quote you might want to keep in mind:

"The reason why we invested in a company that does hotel operations… [is]it also optimizes the relationship with the guest. Then we can plug that into our own apps and provide a completely seamless consumer experience, from the search, to the booking, to the on-property experience, to the post-stay review."

Who said it? Cyril Ranque, president of Expedia Lodging Partner Services . He's talking about Expedia's investment in ALICE, a tool that allows guests to connect with your staff to address issues while on-property. But note again why they're doing this, to "provide a completely seamless consumer experience, from the search, to the booking, to the on-property experience, to the post stay review."

I'm sorry, but isn't that our job as hotel executives?

Over the last 15 years, we've found new and innovative ways to let OTA's connect with our guests. And they're quite happily providing us the tools to do it all over again.

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Coming up in October 2018...

Revenue Management: Getting it Right

Revenue Management has evolved into an indispensable area of hotel operations, chiefly responsible for setting forecasting and pricing strategies. Because the profession is relatively new to the hotel and hospitality industries, a clear-cut definition of what exactly Hotel Revenue Management is has only recently emerged - Selling the Right Room to the Right Client at the Right Moment at the Right Price on the Right Distribution Channel with the best commission efficiency. Though the profession can be summed up in a single sentence, that doesn't mean it's easy. In fact, it's an incredibly complicated and complex endeavor, relying on mountains of data from a wide range of sources that must be analyzed and interpreted in order to formulate concrete pricing strategies. To accomplish this, Revenue Managers rely on an array of sophisticated technology systems and software tools that generate a multitude of reports that are central to effective decision-making. As valuable as these current technology systems are, much of the information that's collected is based on past historical trends and performance. What's new is the coming of big, data-driven, predictive software and analytics, which is likely to be a game-changer for Revenue Managers. The software has the capacity to analyze all the relevant data and predict occupancy levels and room rates, maximizing hotel profitability in the process. Another new trend that some larger hotel chains are embracing is an emphasis on Booking Direct. For Revenue Managers, this is another new channel with its own sales and costs that have to be figured into the mix. The October issue of the Hotel Business Review will address these developments and document how some leading hotels are executing their revenue management strategies.