Hospitality Industry
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Five simple ways to boost your hotel’s OTA revenue
Not ranking, but conversion rate - you don't have to be on page one. Improve your conversion rate regardless of which page you are on. Leverage geographic strengths - for example, Booking excels in Europe and the Middle East, whereas Agoda excels in Asia. Expedia is best positioned to bring in business from the United States. Take advantage of this. Room types by channel - for example, Booking outperforms Agoda in driving higher room category bookings. Expedia falls somewhere in the middle. Make up for the cancellation rate - for example, Booking has the highest cancellation rate of all. More than half of all bookings are canceled. Try to get…
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Key learnings from managing high-performing teams
Prior to the pandemic, I managed a team of 25 at the corporate level, with close to 50 team members on the ground in 8 countries with a dotted line to me. My corporate team members had an average tenure of nearly 8 years.This is what I discovered:Inspiration: They are inspired because they want to be a part of something bigger than themselves. Our team's goal was to be the best E-Commerce/Digital operation in the hospitality industry across APAC.Expectations: They must be completely clear about their role, goals, and what I expect from them. If things change, they have a say in which direction they go.Safety net: They thrive when…
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What do the best E-Commerce/Distribution Managers have in common?
Over the last 15 years, I've had the pleasure of interviewing, training, and mentoring dozens of E-Commerce/Distribution Managers. The best of the best all had these qualities in common.✅ They understand their annual targets and keep track of them by breaking them down into quarterly, monthly, weekly, and daily objectives. ✅ They raise issues such as pricing, conversion rates, parity, price difference with wholesale, and segment shift during revenue and other meetings. ✅ Based on performance data, they constantly tweak their packages, offers, add-ons, and upsell items. ✅ They keep in touch with the market managers of OTAs, but they also know what they can't do.✅ They understand how algorithms affect page views,…
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The ten things I will never understand about hotel budget practices
Being in the digital transformation business, having an outsider perspective on the hospitality industry I serve has always helped me. That's why I don't understand the following.🤔 Regardless of the opportunities or pitfalls in the coming year, the previous year remains a benchmark.🤔 After the initial submission, owners or corporate/regional offices always want more revenue.🤔 GMs are aware of this and will submit a version with a buffer built in for the next submission.🤔 Dumping everything in the retail segment or high and peak season when there is pressure to achieve more.🤔 OTA commission costs can go over budget, but digital marketing costs cannot.🤔 Even though it can save on…
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How does Hick’s Law apply to hotel distribution and marketing?
Hick's Law is a simple idea that says that the more choices you present your users with, the longer it will take them to reach a decision. Although I have always struggled with it, I have never stopped advocating for simplicity and fewer options when presenting options for our hotel guests to book. You can also interpret the time scale differently. The longer it takes for your website, booking engine, or app to load, the lower their conversion rates. One more way for hoteliers to look at this law is in the context of wait times in front offices, restaurants, and for guest service requests, as well as the number…
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Does your hotel need an app?
For most hotels, the answer is still “No". It's time to skip, move on, and browse away!However, if you're interested in how guest behavior has changed as a result of the pandemic, what hotel apps can do these days, whether they can drive revenue, and whether they're a good fit for your property, keep reading.Let us begin with the guest behavioral changes hastened by the pandemic.They can use an app to order food from the comfort of their own homes.Shopping apps allow users to order almost any product and have it delivered to their home.They have access to any type of entertainment on demand.Most apps learn about the user and…
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Hotels—what is your online identity?
The question of online identity sounds simple. Most hotels would put their hand up and respond by saying it is their hotel/brand website, of course. Is the answer more complex than that?Your identity Is it your website?Is it your property listing on OTAs?Is it your FB profile?Is it your IG profile?Is it your Twitter profile?Is it your TikTok profile?Is it your Youtube channel?Is it your app?Is it your (Google/Apple/Bing) Maps listing?Is it your Line app profile?Is it your WeChat profile?Is it your advertising and paid marketing?It could be one of these or all of them. However, just as your personal identity differs from that of your parents, spouse, siblings, friends, acquaintances, and…
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The Great Talent Crunch in Hospitality-Commercial Edition
Several hotel general managers have approached me for assistance with recruitment. In order of the number of requests, here are the positions they seem to be having trouble with:Revenue ManagersDistribution/ E-Commerce ManagersSocial Media ManagersMarketing ManagersCommunication and PRDigital Marketing ManagersThere are challenges elsewhere, but because I specialize in the commercial arena, the requests I get are in this area.Hiring anyone to fill vacant positions has been a challenge, let alone talent. If what is happening in the US and Europe is any guide, the talent crunch is not going to ease for a while, even in Asia. Here are some thoughts on what hotels can do to tackle the issue and still…
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Incorporating a New Process, System, or Tech in Hospitality
I have observed hospitality to be a very process-driven industry. For most serious hotels, SOPs on everything are sacred. If you are an outsider, it may be a little hard to appreciate the complexity. There are so many moving parts: systems, people, vendors, contractors, etc. If you have any experience running a household, just multiply it by the number of rooms a hotel has to get a feel for it. Processes have served the industry well in standardizing the quality of product and service offerings. However, when you are in the business of digitisation like me, you come in to disrupt. Introducing a new system or process is always hard.…
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Hotel Distribution: As Simple or Complex as you Make it
A variety of factors influence hotel distribution strategies. Many people find it simple. They decide on a strategy, a plan of action, and they follow it. Their distribution system works well. It is effective.However, distribution is a nightmare for the majority of hotels. There are so many competing elements that effective management is difficult. Everything here appears to break faster than a hotel's ability to fix it. It's no surprise that most GMs and their corporate counterparts are constantly in the fire-fighting mode. This is an attempt to deconstruct the distribution strategy and then apply a complex and simple execution, but first The core: you have control over most of these.Rate structureRevenue…
