HOTEL BUSINESS REVIEW

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Cid Jenkins

Companies are getting smarter about Web visitors, and are taking aggressive steps to optimize every visit in order to maximize sales conversion, increase customer loyalty and reduce website abandonment. Click to call provides the ability to track online sessions, detect trends and provide a dynamically placed assist if a prospect has lingered on a single page for a specified amount of time, or exhibited signs of website abandonment. This data garnered from a customer's online browsing can be viewed on its own, or integrated with existing data sources for a complete view of the customer and a seamless, online transaction experience. READ MORE

Jerry Tarasofsky

The challenge put before the hotelier is how to run a profitable and vibrant online channel in a tremendously price-sensitive environment. This article will explore cost sensitivity by various important and high value visitor segments during the first quarter of 2008. I'll be referencing data collected from our Voice of Customer surveys, which currently run on the websites of 29 major hospitality brands. Combined, these studies comprise the voices of over 100,000 actual website visitors. READ MORE

Kevin Williams

It's a pretty well-known fact that baby boomers currently dominate a huge sector of the consumer market. They have the numbers; they have the influence; they have the money. Born between 1946 and 1964, baby boomers represent more than a quarter of the total population, and they generally appreciate the good things in life. And with more than $2.1 trillion in spending power, they can afford them. Needless to say, baby boomers are vitally important to the travel industry. As such, it's imperative that we note the nuances of this market segment. After all, any category that includes the Clintons, Bush, Madonna, Donald Trump, and John Travolta, among many others, is bound to have its issues. READ MORE

Tina Stehle

Competing in the hospitality environment has never been more challenging. The number of vendors and products is overwhelming. Competitors are constantly looking for a marketing advantage. And hotels within your competitive set are likely to be utilizing business intelligence more than ever before. In this environment, hotels that succeed must do more than merely 'keep up' with the competition. They must be able to identify guest trends, recognize problem areas and develop strategies that increase profitability. They also must be able to react to market changes quickly and efficiently. Sounds good, but how do you make it happen? With 'data analytics,' which uses guest and operational information to predict future trends and stay a step ahead of the competition. READ MORE

Cid Jenkins

With the Internet now considered a public utility for a large cross-section of the population, customer behavior is changing radically. Whereas in previous years customers were content merely researching products online and making purchases offline because they were too intimidated to share personal and financial information over the Web, consumers now spend more time online searching for the best bargains. However, price alone does not influence many consumers. A recent survey by Nielsen Online found that convenience, not price, has the greatest impact on online purchasing behavior. READ MORE

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