Social Media Angst

May 12, 2010 at 6:44 pm | Posted in Hotel Sales Training Issues, In the News, Information, Social Media, Uncategorized | Leave a comment
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I have been traveling pretty solid for the past eight weeks.  Many of   those seminar programs have been for AHLA and included a program on social  networks.   

The participation has been amazing.  Some hotels are using their Fan Pages and LinkedIn Profiles well to have conversations with their customers, some are in between but many are still unsure or having a degree of angst over  building out their pages and profiles to include  complete information that will give potential customers the information they need that results in lead generation.    

The purpose of social media activity is to engage with current customers and generate new ones! A recent article and survey from eMarketing.com revealed B2B and B2C leads generated from social media.

45% of businesses surveyed generated B2B leads from LinkedIn and 68% generated B2C leads! 

Why are these pages so important for lead generation?  These pages are dynamic in that they can be updated more frequently than the web site, include a great deal more information, actively engage with customers and potential customers and thus generate leads.

Asking your teenage cousin or hiring someone right out of college to build out your presence on these two networks (not tomention  Twitter) is not very helpful in that they they don’t undersatnd the intricate relationship that the hospitality industry has with these networks and industry best practices.   

Example:  One client that has and that has an ‘and’ in their name was virtually invisible on FaceBook. Why?  The newly minted social media manager had used an ambersand (&) verus the word ‘and’.    How many Fans would think to use an ambersand versus the word ‘and’?  As well,  there were available opportunities on the addtional pages that were not built out at all. 

How many of your hotels, epecially independent and smaller hotels, are having angst over your social media presence? Let’s have a conversation post your comments and concerns below!

FaceBook as a Sales Tool

April 25, 2010 at 6:46 pm | Posted in Uncategorized | 2 Comments
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In a recent Power Selling seminar for a hotel management company, I had a participant who had totally incorporated her FaceBook page into her sales process. She blew me away!

It goes something like this. First of all, she built a robust ‘Friends’ network of clients. Secondly, one day she and her GM were brainstorming on how to get business for the upcoming slow season. They thought of an idea to promote the winter season on FaceBook to scrapbookers.

After they began their campaign, a strange thing happened. Other client ‘friends’ responded saying that while they were not scrapbookers, they did have business during the winter and could they have the same deal?

Sabrina responded yes they could and when would be a good time to come and see them? Then a tour operator posted tour series dates on the wall and asked her to repsond if she could accomodate them.

Sabrina then began posting her sales call schedule and asking her ‘freinds’ if she could come and see them. She soon had her appointment schedule filled with new prospects and existing clients that wanted to see her when she was in their area.

This is a perfect example of how a social network can be integrated into the sales process. Considerations for success:
1. Don’t invite your competitors to be Freinds or Fans on your page.
2. Push out promotions but also things of interest about yourself, your hotel and your area — it shouldn’t always be about pushing business.
3. Use your page as a service to your clients — give them opportunities to be part of your business such as asking if you can come see them during sales calls in their area.

BTW, she never booked one scrapbooking group but the other clients that saw the post and booked other groups more than made up the difference.

Congrats Sabrina Bowman on a job extremely well done!

Unconstrained Demand: Denials, Regrets and Lost Business

April 19, 2010 at 12:13 am | Posted in Hotel Sales Training Issues, Information, Webcasts | Leave a comment

Now that demand is increasing and Revenue Managers are able to begin moving rate, it’s time to revisit the area of what unconstrained demand can tell you — info about who didn’t book may be more useful than info about those that did! 

One of the reasons most sales people and Revenue Mangers don’t check those reports from the PMS is that they are imperfect.  The res team member has to be in the reservation screen an terminate it prior to the completion of the reservation — reservation interuptus! However, training can alleviate some of these by instituting  the low tech system of hash marks under the most common denials and regret category.

You should be regreting some reservations as your rate moves higher. If you have no denials, your rate is too low.  It’s delicate balance that we all have to relearn as demand increases! 

However incomplete are some info is better than none.  For example, how many were rate related, how many were availability related and how many were amenity related — an inability to book the desired room type, having an indoor/outdoor pool, etc.    

The info can assist in rate setting for rooms & packages, training opportunities for offering different room types and asking if the customer has flexible rates, etc.  If you are geting rate denials for a certain arrival/departure pattern and you aren’t filling, should you take a look at limited ‘specials’, reduce the BAR or enable another strategy.    

Sales usually learns more from why they didn’t get the business than why they did.  It can also assist in training.  Ddi the sales person  engage the propsect in conversation about their group or did they just quote a rate and fail to value add to take the conversation to another level? 

You get the drift — how much business did you actually book versus how much business did you deny or lose and why? 

Join us on Thursday for a webinar “Social Media Drives the Meeting
Business” in conjunction with i-Meet.  We are bringing in panelists
– a hotel sales professional, a meeting planner and a
representative from PhocusWright to talk about they successfully use
social networks in their sales processes, venue selection and the
future trends in social networks.
http://cts.vresp.com/c/?CarolVerretConsultin/c40634ba38/TEST/a12cc49a47/t=a&d=927889188

STR Predicts that Demand will Grow by 4% i n 2010

April 8, 2010 at 1:57 am | Posted in Uncategorized | 1 Comment
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“Contrary to previous thinking, STR now believes demand growth will be stronger in 2010 than in 2011. The company said demand will grow 4.1 percent in 2010 and 2.9 percent in 2011. When STR crunches March 2010 data in the middle of April, it is expected that it will emerge as the fourth consecutive month to show demand growth.” (AHLA, 4/07/10)

This is the best news in 18 months but does it mean that Rvenue Managers will use this opportunity to begin moving the needle on rates? It’s time to put the floor under discounts and rates.

Don’t be bullied into locking in rates for 2011 and beyond — we may not be at 2007 rates but it has to start somewhere. Let rate increases, gradual increases, start here and now before the summer season!

Google Maps to Feature Hotel Rates on Search Results

March 24, 2010 at 4:56 pm | Posted in In the News, Information | Leave a comment
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Google announced on Monday that it will feature hotel rates in the ‘balloons’ on Google maps. This is currently in the Beta stage.

Currently, they will seek rate feeds from advertisers and will be flagged as Sponsored Results. They will not pick up rates from the GDS and other distribution channels but rely on feeds from the hotels themselves. Below is an example of how it will look for a Search for hotels in NYC.

Google has stated that it will not change search results.   This new feature will not change the way that hotels are ranked in Google Maps, the company says. Google Maps ranks business listings based on their relevance to the search terms entered, along with geographic distance (where indicated) and other factors, regardless of whether there is an associated price. (HotelMarketing.com, 3/24/10)

With this feature, when you search for hotels on Google Maps you’ll be able to enter the dates you plan to stay and see real prices on selected listings. You can click on the price to see a list of advertisers who have provided pricing information for that hotel, indicated by the “Sponsored” text, and click through to reserve a room on the advertiser’s site. (HotelMarketing.com, 3/24/10)

My concern is that this feature will only perpetuate competitive rate cutting and discounting, making the industry more rate driven than before.  It may have an impact on rate parity and integrity and also become a threat to the aggregators who may feel they are in bed with the 500 pound gorilla named Google! 

Let me know what you think!

Guerilla Pricing — Revenue Managers In the ‘War Zone’

March 16, 2010 at 1:21 pm | Posted in Uncategorized | 1 Comment

In an excellent article that appeared in HotelMarketing.com, Brij Cahkra of Preferred Hotels referred to the vicious cycle of rate cutting as Guerilla Pricing.

“In guerrilla pricing, hotels try and do price cuts in short window to pick up additional market share however if done too often this can lead to a dilution of revenues,” said Chachra.

In the battle for increased revenue and market share, Revenue Managers often have no choice but to engage in guerilla pricing within their comp set. But increased market share in a guerilla pricing war at best yields increased market share for maybe a weekend. The increased revenue is consumed by the cost of distribution and/or it is insufficient to generate enough flow through to be worth it.

Gureilla pricing becoems like an addiction from which RMs find it difficult to break free. RMs are under pressure froms senior management to engage in the ‘game’ — to generate revenue and to increase market share.

Everyone loses, noboby wins.

Outrageous! Do Something a Little Outrageous Today!

March 6, 2010 at 6:36 pm | Posted in Uncategorized | 1 Comment
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It’s spring — time to shake off the post recession gloom!

You and 100 other hotels are contacting the same meeting planner for the same piece of business! What can you do to put a mile on the face of the planner and set youself apart from the other 100 hotels?

Idea #1: Get a video cam, Flip or another one. Gather the team incuding the GM in the lobby of the hotel and talk to the planner — have the GM offer a personal guarantee that if they book their meeting at your hotel, it will perfect! (Be prepared to deliver!) Send the link to the video to the planner!

Idea #2: Start a scavenger hunt on your FaceBook or i-Meet page. They have to identify one element in each of your photos. For example, if you have photo of a banquet room they have to identify the name of the flower on the banquet table in photo #4 or from the team profiles, from what university did the DOS graduate? The winners get a special offer — post the winners on the page!

There’s more but stay tuned for other ideas!

Oh yeah, do something outrageous for your family. For example, next Sunday make green eggs and ham for breakfast. If your kids don’t already have the book, buy it for them and put it on the table.

Step out of your comfort zone — it will make you feel better and put a smile on the faces of the recipients! We all like to be around people that make us smile!

Be outrageous!

Social Network Overload — Managing Social Networks in 1 hour a Day

February 23, 2010 at 4:35 pm | Posted in Uncategorized | Leave a comment
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Social networks are integral to the sales and revenue management process. Sometimes we do a good job of it and then, when we get crazy busy, that activity tapers off if not drops off the radar. Mea culpa!

There are great tools out there like HootSuite that allow you to post across all networks and monitor activity although limited and does not address that ‘personal’ engagement with your network of contacts.

Let’s talk about blogs — these require some thought and creativity and some days/weeks you just run dry. The ideas don’t flow and the time just isn’t there.

There is a great blog from Karen J that won’t help you with the blog but could relieve some of the anxiety about staying on top of social networks engagement.

Karen has a system for managing social engagement on one hour a day and takes into account the whole week so you can touch all of the important issues in the process.

Here is the link to her blog and the PDF but remember you still have to make time for that one hour a day!

http://imconnections.com/The%20Visibility%20Factor.pdf

72% of Meeting Planners Say Social Networks Important

February 10, 2010 at 12:32 am | Posted in Uncategorized | 2 Comments
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During a recent webinar sponsored by i-Meet, 72% of meeting planners responding in a poll indicated that the hotel profiles on social networks were important in venue selection.

This is powerful stuff! While metrics on page views are inadequate in telling this story, there is obviously an influence at work here.

The hotel’s page/profile is really the online storefront — how robust the page is in taking advanatage of the functionality of the various social network sites is key to attracting customers into your store.

Check out the competitors pages and evaluate them in relation to your hotel’s page. What do they do well that you can incorporate and what omissions do they make that you can take advantage of to make your hotel’s page more robust.

Think of the hotel page as the store front in this analogy.

Think of a brick and mortar store front –
Some people walk by and never look over.
Others walk by and glance over.
Others look in the window but don’t come in.
Some people come in but are ‘just looking’.
Others engage you in finding exactly what they want – at that point you are one on one with a potential customer.

Join me in Colorado Springs for a day long Power Prospecting & Selling seminar being held at the Embassy Suites and sponsored by the Colorado Springs Convention and Visitors Bureau. We will discuss how to use social networks as sales tools. Click below for more info or copy and paste into your browser.

http://www.carolverret.net/viral/jan1810.php

Corporate Demand on the Upswing — Balancing Act for Revenue Managers

January 28, 2010 at 9:16 pm | Posted in Uncategorized | Leave a comment
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It doesn’t take much to ignite optimism after the dismal year of 2009. There are now idications that cororate transient demand is creeping back up.

United and several other airlines are reporting an uptick in corporate travel for the quarter just passed.

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/27/AR2010012703852.html

In addition, STR reported that for the week ending 1/23 overall demand increased by .9% — not exactilly a bubble but PKF predicted demand in Q1 would increase by 1.9% nationwide so we are getting there!

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/27/AR2010012703852.html

The usually pessimistic corporate execs at the ALIS Conference in San Diego this week are even feeling cautiously optimisitc — but all site the short lead times for both corporate reservations and group business.

http://www.hotelnewsnow.com/articles.aspx?ArticleId=2603

Now comes the delicate balance of recovering fragile demand and beginning to nudge rates upward — Revenue Managers, you now have a tough balancing act this year.

Good luck — we are all depending on you!

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