Free Access
Member Only Access
Industry News

Weathering the Economic Storm | How hospitality companies can thrive in challenging times

Deloitte Report
Friday 2 January 2009
deloitte new

Hospitality companies are facing troubling times with the economy’s weakness beginning to weigh on the hospitality industry at large. Consumers are retrenching on most types of discretionary spending, including travel. This means that hospitality companies not only have to protect themselves from an economic downturn, but they also must undertake measures to adjust to a changed business environment.

In this publication, titled “Weathering the Economic Storm: How hospitality companies can thrive in challenging times,” Deloitte reviews four key actions that can help hospitality companies navigate and even prosper through these troubling times. For example, an economic downturn can be a good opportunity to optimize performance management capabilities, improve spend effectiveness, re-evaluate customer segments and review loyalty programs.

Related Document

Company Details

Hospitality NetDeloitte Development LLP
www.deloitte.com/us/thl

Recent Articles

FeatureAdd to My eConnectSharePrint this page
Featured HSMAI Publication
HSMAI Travel Internet Marketing White Paper SeriesTravel Internet Marketing White Paper Series

The HSMAI Travel Internet Marketing Special Interest Group is pleased to present a ten-part series of white papers, as part of its mission to increase members' awareness and understanding of emerging issues, opportunities and trends; and, TIG Global is proud to sponsor the reports as part of its commitment to helping travel professionals drive revenue and profit online by making smart, strategic marketing decisions.

Read More »
Featured Industry Publication
The Key to Successful Cross-Channel Marketing: The Email Preference Center

The Key to Successful Cross-Channel Marketing: The Email Preference Center
With the emergence of new technologies that allow people to be connected almost anywhere, and the reduced effectiveness of traditional direct marketing channels, marketers are continually looking for more effective ways to speak to their customers. Increasingly, marketers are employing cross-channel orchestration strategies to reach prospective customers, and have embraced email as the primary communications channel. (PDF Document, 1,519.57 KB)

View publication »

Best Practices for Maximizing Your Hotel’s Online Revenue & ROI

Best Practices for Maximizing Your Hotel’s Online Revenue & ROI
Forrester Research estimates that 32% of hotels‟ revenues come through online bookings. This includes brand.com bookings and those made through third-party websites such as Expedia and Priceline. Forrester Research also estimates that the overall travel industry allocates 29% of its marketing budget to online, including search, display, mobile, social and so on. Travel allocates more of its budget to online media than any other industry. Approximately 62% of a travel company‟s interactive marketing budget is currently allocated to search engine marketing. (PDF Document, 2,086.95 KB)

View publication »
UPCOMING EVENTS
See all Industry Events »
See all HSMAI events »
See all HSMAI University events »