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Guest Loyalty stands and falls with the Use of your Data! | By Michael Toedt
6 June 2016

The fight for guests and their loyalty manifests in the booking behavior. In other words, guest loyalty stands or falls with the guest data. Only if you know your guests, their needs and expectations and how much they are willing to pay, will you be able to go up against the OTAs. Success does not depend on the size of a company, but on the management's ability to adapt to the changing environment. In the end, it is all about Central Data Management (CDM).

Whereas Customer Relationship Management (CRM) focuses on the acquisition, development and retention of customer relationships, Central Data Management encompasses all aspects. CDM is about profitable use of data, whereas CRM is just a small aspect of the bigger picture.

CDM means focusing the entire organization on the needs of the customer, tailoring all products and services to the company's specific target group and personalizing all communication. CDM is the next evolutionary stage in marketing. It brings individuality to a uniform mass.

The goal is to implement the 7 P's of Service Marketing (Product, Price, Place, Promotion, People, Processes, Physical Evidence). Modern data management shows the way.

It is, however, not sufficient to cleanse and link PMS and e-mail data. Other essential data sources such as the cash register system, the restaurant booking system, the feedback management system, the proprietary website and not to forget WLAN must also be included. Only when these data sources are combined comprehensive information about the guest can be obtained. Bits and pieces from individual sources are insignificant. CDM enables to create a complete guest profile in one central source.

Contact
Michael Toedt
Managing Partner, CEO
Email: info@TS-and-C.com

Organization
dailypoint™
https://www.dailypoint.com/
Augustenstr. 79
Munich, 80333
Germany
Phone: 49 89 189 35 69 0
Email: info@dailypoint.net

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