
With brand presence on the internet being almost universal, the hospitality space has become increasingly competitive. This, coupled with the fact that price and location are major drivers in the booking decision, means that securing loyalty to any one brand is a challenge. The recent economic downturn saw many travel providers leveraging their loyalty programs in an effort to stimulate bookings and brand loyalty. And while 2010 saw a consistent increase in the share of loyalty program members, the end result is that travelers are members of multiple programs and loyalty is a fragmented commodity. This underscores the need for hospitality providers to stimulate loyalty in other ways and continuously differentiate themselves so that they remain front and center in the consumer's brand consideration set. READ MORE