February 6, 2012 at 11:07 pm | Posted in Uncategorized | Leave a comment
Tags: hotel revenue management, hotel sales, hotel sales training, social media, social selling
Google has flexed its most formidable muscle, Search, to promote and some would say force hotels to have a Business page on Google+. Those companies and organizations that have a Google+ page will be given first preference in Search results. Not only that, there is a real revenue Issue as follows below.
An active Google+ page will be given preference in appearance on Search. The most popular travel Search is ‘hotels (X)’. If a meeeting or travel planner is trying to get an idea of the hotels in a given market, those htoels with an active presence on Google+ will be gieven first preference in the sort on Search.
In addition, the hotel’s links, web sie and interaction with it’s circle will appear. This is very compelling as it allows instant interaction with the hotel and the hotel’s web site. They will have an opportunity to gather information, and send an instant RFP if there is one on the web site — all of that right there in one location – one platform!
Here’s how it works. Next to each entry on the results section of the Search page, there are two arrows. If you don’t have a Google+ page, when you mouse over the arrow it will show the map and the hotel’s Google Places page. If you do have a Google+ page, the arrows will show the hotel’s web site.
What does this mean? The Google Places page if a customer clicks on it will show a widget that asks for dates and will show rate results in a drop down that will have all of the OTAs listed first with the web site link at the very bottom.
The advantageof the Google+ search showing the web site is that the customer can click on the site, interact with it and make a reservation right there using the hotel’s web site booking engine.
25-35% commission on all reservations made using the OTAs on the Google Places page verus 0% commission using the hote web site booking engine? No brainer!
There is a lot more to this development — keep checking back for the latest on the Google+ issue
December 19, 2011 at 4:20 pm | Posted in Uncategorized | Leave a comment
Tags: hotel revenue management, hotel sales, hotel sales training, social media, social selling
We all have things we meant to do, wanted to do but didn’t doin 2011. Here are 5 resolutions for 2012 that are easy to keep:
1. Get supremely organized (my personal resolution!)Will this be the year that you (and me) finally do this?
2. Set goals for your activty so you can achieve your revenue goals. I love Google calendar for this as I can color code every type of activity to ensure everything is done!
3. Develop and implement a social media system to ensure that you are maxmizing opportunities. There are a few on the group Linkedin Strategies – my favorite is 7 Steps to Make LinkedIn work.
4. Prospect like crazy! Set a goal to identify X number of new prospects each week and stick with it!
5. Celebrate success – both yours and that of others! Don’t let pride get in the way of asking others how they do things well in areas you want to improve on. Find a mentor!
Let us know through your comments what resolutions you would add.
December 1, 2011 at 7:17 pm | Posted in Uncategorized | Leave a comment
Tags: boutique hotels, expedia, hotel revenue management, hotel sales, hotel sales training, independent hotels, social media, social selling
Especially in urban settings, boutique hotels struggle with mid week corporate at this time of year when leisure mid week is non existent.
The large franchises have not only their frequent guest programs but also national accounts that feed many of their hotels at reduced rates. Then there are the large consortia that won’t even issue an RFP to a smaller hotel!
These are usually large companies with a volume of business travel. Faced with trying to steal share from these which entails more effort than the results are worth, what strategies can smaller independent and boutique hotels deploy?
Look at the flip side of the typical source of corporate travel for the franchise hotels.
Unmanaged coporate travel by small and medium sized businesses that book their own travel account for 56% of all corporate travel according to a research study by Forrester and Best Western.
Think about it. These small to meduium sized companies don’t have enough volume to negotiate significant discounts like the big guys. But they like everyone else would like a place where they are appreciated and can get issues addressed.
What about a full court press blitz, eblasts, direct mail, sales calls, reception, for every small to medium sized business in the market. Let them know that ‘their small business is big business to you!’ and you will give them the name and contact info of a live human at the hotel that they can contact if they have an issue!
I worked with a hotel once that had no major demand generators within 3 miles of the hotel — only small to medium sized businesses.
We went afer them. After about six months, we were driving a higher ADR than the comp set, getting roughly the same occupancy levels mid week as the franchises and had a stunning REVPAR!
Also, sign up for Expdia’s VIP program that caters to these unmanagaged business travelers.
(I’ve got to get a grip on the length of my titles!)
November 7, 2011 at 10:12 pm | Posted in Uncategorized | 2 Comments
Tags: boutique hotels, historic hotels, hotel revenue management, hotel revenue management training, hotel sales, Hotels, hotels sales training, independent hotels, remote revenue managment
Whan I look at the source of business reports for distressed hotels, almost always I find that they are not doing effective online distribution with the OTAs and are not using other online distribution platforms.
An online strategy and execution in these areas is the fastest way to jump start short term revenue. There are stratagies in developing a presence on the online channels that can be executed quickly and effectively.
For example, have you developed a mobile only promotion on the OTA’s mobile platforms targeted to stimulate occupancy when you need it? The hotel may have a mobile site of its own but it doesn”t drive the traffic or exposure that an OTA mobile site does.
Where on the page does your hotel appear on the OTA sites? How do you move it to the top of the page? HInt: The answer isn’t rate parity.
There are other distribution channles such as the Historic Hotels of America that blasts out promotions from its members to every member of the National Preservation Society and a bunch of others including me — I dont’ belong to either association!.
These are only three of many things you can do with a distressed hotel that will almost instantly generate incremental revenue. There are many many more!
real simple Remote Revenue Management has developed a special program for distressed hotels. You can continue to open and close your inventory, we will do the Online Radical Triage. Send us a blank email with Online Radical Triage in the subject line and we will send you more information..carol@carolverret.com
September 19, 2011 at 5:49 pm | Posted in Uncategorized | 2 Comments
Tags: boutique hotels, hotel industry, hotel revenue management, hotel revenue mangment, hotel sales.hotel revenue management, hotel trends, real simple Remote Revenue Management, small and independent boutique hotels, small independent and boutique resorts, small independent historic hotels
Economic uncertainty is hanging over the industry and being felt even more acutely by small independent and boutique hotels. At the very time they need a revenue manager who not only does the usual opening and closing rates and inventory but also has the ability to generate revenue.
At the very time these hotels need more of a presence on the internet through the OTAs and other distribution channels, they can’t afford to hire an expensive e-commerce company. What if they could hire a revenue manager with the skills to get them exposure that they ned to generate incremental revenue? The salary and payroll burden for someone with this experience would likely be more than their payroll can support.
If the economy continues to be uncertain or even goes backwards, these are the hotels that suffer first.
Now there is a company — real simple Revenue Management that guarantees to generate incremental revenue equal to or greater than their fees. Check it out. http://tinyurl.com/3fuysft
May 25, 2011 at 11:43 pm | Posted in Uncategorized | 3 Comments
Tags: hotel revenue mangment, hotel sales, hotel sales training, social media, social selling
If you don’t know what the customers you want look like, market segment, demand periods, rate sensitivity, etc. you will have to keep settling for the inquiries that come in over the phone – even if they are ‘shopping’ you and all the other hotels in your market. You know they are shopping so desperation sets in and you go lower and throw in more value adds to get the business. Why? Because you have no other prospects to work because you don’t know where to look for the clients you want!
It has never been easier to prospect than it is today. The power of Search on search engines and social media bring you a universe of prospects. However none of these will help you unless you can sort through the multitude of prospects to locate the ones that are appropriate for your hotel.
Develop a ‘filter’ based on your current ‘good accounts’ — those that you want more of. What is the DNA of your current good accounts by market segment and/or seasonality?
Where does the booking originate geographically? Who are they demographically in terms of verticals or industry, what is the position of the person that books the business and the people that attend the meeting or function? Last of all, fiscally how rate sensitve are they, how do they pay the bill.
Without a filter to sort through the universe of prospects, your prospecting efforts will be like a scatter shot approach hoping a duck flies through versus a shot gun approach that focuses on a specific target.
If you don’t figure this out, you are doomed to wait by the phone for an inquiry, a bureau lead — kind of like waiting for a date to call!
April 15, 2011 at 10:31 pm | Posted in Uncategorized | 4 Comments
Tags: Facebook, hotel sales.hotel revenue management, social media, webinar
Just in case you missed it, your Fans and Friends can now book through an interface to the hotel booking engine through Facebook. Imagine how easy it would be for them to see a promo that has been posted and take the next step without ever leaving Facebook!
This is an amazing opportunity for independents to have a new promotional and booking source. The price is right — after the widget is developed there are no addtional fees!
However, the best widget on the planet won’t work unless you are drving Fans and Friends to the site. Many hotels are running contests on their page to increase traffic, create more Fans and keep them returning. The large Franchise organizations are doing this but it is so easy for any hotel to do it — all it takes is imagination!
Now that Trip Advisor has an interface with Facebook as does Expedia, the battle for share of this summer’s leisure traveler is on! If the price of gas goes over $4 and stays there, many consumers are gong to be looking at ‘staycations’ and deals again this year. Air fare increases are nearly double from last year to many of the most popular destinations.
Use your Facebook page as a marketing tool. Have Fan only offers! Remember, it’s FREE and if one strategy doesn’t work — it’s really cheap to try another one.
Join us on April 20 for a webinar — Summer Promotions – The Impact of Social Media and Google
Click here for more info. http://www.carolverret.net/viral/april11.php
February 3, 2011 at 10:31 pm | Posted in Uncategorized | 5 Comments
Tags: hotel blog, hotel industry, hotel revenue management, hotel sales
I have been talikng about social media as sales tools for a long time. It now has a name — Social Selling.
In a recent survey by OgilvyOne of 1,000 sales professionals all over the world the question was asked How Important is the Use of Socail Media in success as a Sales Person? 73% of the Chinese sales professionals agreed it was important while only 27% of their US counterparts indicated it was important.
Where’s the disconnect? Do the Chinese know something we don’t or are they just ahead of the curve?
Do you use social media in your sales processes and if so, how? If you don’t, why?
Log onto www.socialmediarevmaxonline.com to see if you think a better presence on social media is a good idea.
January 11, 2011 at 1:10 am | Posted in Uncategorized | 4 Comments
Tags: hotel blog, hotel industry, hotel revenue management, hotel sales, social networks
“TripAdvisor has integrated with Facebook to personalize the site for each visitor. … automatically showcasing travel reviews from friends.” (Travel Weekly, 12/21/10) WOW! Time to make sure both bases are covered – are you responding to those Trip Advisor reviews AND how is your social presence on FaceBook? Is your Fan page an attraction to visitors to the page and FANs – are you building a Fan base and interacting with Fans and responding to posts?
Grudgingly, many managers have accepted Trip Advisor. They usually blame Trip Advisor for bad reviews — must have been a disgruntled employee, a scamming guest,(fill in the blanks)! The reality is that Trip Advisor does a pretty good job of vetting their reviews. Most of the disgruntled managers have a bunch of bad reviews that they don’t want to respond to because there may be a grain of truth there.
These managers should go look in the mirror, take a deep breathe and accept the fact that after price and location, reviews and recommendations from friends is the deciding factor in property selection! (Epsilon Survey)
Let’s talk about those friends — FaceBook friends. If the property is not monitoring it’s online presence on social networks, does not have an effective Fan page (with Fans) AND does not respond to Trip advisor reviews — it could be in serious trouble with this new partnership between Trip Advisor and Facebook.
If you think you might need help on that Fan page log onto Social Media RevMax on Facebook. http://www.facebook.com/#!/pages/Social-Media-RevMax/144897988896255 It might be a quick, easy, affordable solution for you!
November 11, 2010 at 5:20 pm | Posted in Uncategorized | Leave a comment
Tags: hotel revenue management, hotel sales, hotel sales training, social media
Socail media’s benefits extend to using as a sales tool for prospecting, qualifying and engaging potential prospects.
Facebook works as a sales tool with the proper Fan buidling Strategy. A Facebook Fan page without Fans is like a PBJ without the jelly. It’s dry and sticky and not very satisfying! Apart from the insertion of the icon and tag Become a Fan on FaceBook, and invitation through FAceBook to all of your exisitng clients and prospects to become a Fan is an effective way to increase your professional Fan base. Only then does Facebook become an effective tool for engaing with clietns and prpspects.
But remember you have to give your Fans a reason to return to your Fan page. Try a scavenger hunt through your links and pictures with a prize for everyone that gets all the answers. Fun, simple and will ensure that your Fans visit all of your Fan page pages.
Qaulitfy accoutns on LInkedIn throughcompany searches. This willalso list a number of emplyees of the company. Find the right contacts and join the groups that they belong to. Be active on the groups. You can invite people into your network if the two of you belong to the same group. they get to know you and you are at the top of thier minds when they are ready to buy!
Just a few tips — we have more to help you maximize your presence on social networks.
Ask us how at carol@socialmediarevmax.com
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