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Hospitality data: How to use it to increase revenue for your property

hospitality dataHaving an effective data strategy is one of the most important challenges faced by hospitality businesses. If you are wondering how can data help you make better decisions, the answer is: in more ways than you think.

When you have the right information at your fingertips, you can make informed choices based on facts rather than hunches or gut feelings. And when you do that, your business will reap the benefits of those decisions in terms of increased revenue and customer satisfaction.

You are living in a world where data is more than just numbers: it’s the rock to unlocking revenue growth. In today’s fiercely competitive hospitality landscape, decisions rooted in data are the backbone to success.

In this article find out how hospitality data, when used in the right  can truly transform your revenue strategies.

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Use your hospitality data to empower your offering and design packages

Data is powerful because it allows you to make better decisions for your customers. By knowing your guest preferences and behaviours, you can design packages that resonate on a personal level. Do they prefer relaxing massages or invigorating facials? Perhaps they love both.

For this specific purpose, stay-related data and ancillary sales datawill provide you with valuable information.

For example, your data might show a trend of a specific type of guests adding certain spa services to their reservation. Using this information, you could create a package that already brings those two services together.

By combining services intelligently, you can craft personalised packages that go beyond hospitality and become experiences.

The key is having all this data organised in one platform, this is all possible with a hotel CRM, the orchestrator of your data-driven success.

Use your guest data to boost your marketing campaigns

Your marketing campaigns won’t be successful if you are not taking into consideration who are your customers, where are they coming from and what are their preferences.

Now, what type of data can be useful for this purpose? Here are some examples:

Demographic guest data: It is the cornerstone that enables precision in your paid ads strategy like Google Ads, social media ads, and beyond. With insights into where your guests are coming from, their age groups, and more, you can plan targeted campaigns that speak directly to their preferences.

Website behaviour data: It offers a powerful tool for refining your online presence. Identify where guests drop off or linger, adapt your pages accordingly, and ensure a seamless booking journey.

Engagement data: Either from social media interactions or email open rates, it all guides you in optimising for each unique channel. Remember, not everyone uses the same platforms or engages in the same manner.

Contact information: It allows for personalised, direct communication that cuts through the digital noise.

You can merge all this data into your CRM and start leveraging it.

Use your guest data to get to know your buyer personas

In the hospitality industry, it’s important to understand who your buyer personas are and how they interact with your brand.

What kind of information do you need from your guests to deepen your knowledge about them? These are two types of data that will be useful:

Demographic data and insights (age range, gender): This type of data will help you to understand who is are your guests. Whether it’s millennials seeking adventure, families craving relaxation, or business travellers needing efficiency. This helps you tailor your offerings precisely.

Stay-related information: Such as booking preferences and lengths of stay, will help you paint a vivid picture of your audience. With this data, you are not just guessing, you are strategically inviting guests into a world they resonate with.

Use your guest data to elevate your customer service

Your guests are your compass, therefore customer service is the most important part of your business. It’s what keeps your guests coming back, and it can make or break your reputation as a hotelier.

Customer service data is often considered too sensitive to share with employees outside of customer service departments, but this type of information can be used for much more than simply improving the quality of customer interactions.

It also has the potential to help you:

  1. Ease pressure on busy departments like front desk and housekeeping by identifying trends in guest requests or issues (e.g., high occupancy rates mean more guests needing room service)
  1. Prioritise training efforts based on needs identified through analysis of feedback & review data.

But how?

  • Identify opportunities for improvement when comparing KPIs over time. By tapping into frequently asked questions, you pinpoint gaps in communication and service.
  • Website data highlights your guest’s interests such as the most-visited pages serving as a treasure of insights, showcasing what information and experiences they seek.
  • Feedback and review data act as mirrors reflecting not only your strengths but also the precise areas you can improve upon.
  • Loyalty-related KPIs bring the pulse of guest satisfaction to your fingertips, allowing you to consistently exceed expectations.

In conclusion

In this age of boundless possibilities, hospitality data isn’t just an asset; it’s the foundation of your success story. By embracing data-driven decision-making, you craft compelling experiences, streamline services, and uplift your marketing campaigns.

The result? Revenue growth that is more than just a number it is your commitment to guest satisfaction.

Implement a hospitality CRM system to revolutionise personalised guest interactions and let data-driven strategies elevate your marketing tactics.

In this data-driven era, success lies not just in insights, but in the actions you take based on them. Let it pave the way to revenue-enhancing transformations.

Tags: buyer personas, CRM, Customer Service, data, Marketing

Co-Founder,

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Bookboost helps you to use your guest data to deliver amazing experiences.

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