
Stop anyone on the street and ask him or her to name some familiar hotels. Would you be surprised if the average person could identify three, five or more? Probably not - this is the power of brands. Just like Kleenex and Clorox, name brands for tissue and bleach, a strong hotel brand has the ability to penetrate the target market to such a degree that it becomes recognized as an enduring symbol of the market-specific service standards. This service image cultivates the loyal customer base that is the foundation of a hotel brand's future earnings capacity. The proper identification of a brand's service potential, therefore, is the first step in quantifying its value. READ MORE